Meaning of “black market” in the English Dictionary

"black market" in British English

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black marketnoun [ C usually singular ]

uk /ˌblæk ˈmɑː.kɪt/ us /ˌblæk ˈmɑːr.kɪt/

(Definition of “black market” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"black market" in American English

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black marketnoun [ C/U ]

/ˈblæk ˈmɑr·kɪt/

an illegal trade in goods or money:

[ U ] You can sell dollars on the black market.

(Definition of “black market” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"black market" in Business English

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black marketnoun [ C, usually singular ]

uk us COMMERCE

an illegal system in which products that are difficult or expensive to buy legally are bought and sold:

Tickets were selling for up to $800 on the black market.
black market in sth There is a growing black market in fake branded goods.
black market for sth Gunmakers have been accused of feeding a black market for illegal handguns.

an illegal system in which workers are employed for very low wages:

(Definition of “black market” from the Cambridge Business English Dictionary © Cambridge University Press)