Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “black market”

black market

noun [C, usually singular]
 
 
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: Some unscrupulous employers take workers on the black market to avoid paying the minimum wage.
(Definition of black market from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of black market?
Add Cambridge dictionaries to your browser to your website

More Business English definitions for “black market”

Definitions of “black market” in other dictionaries

Word of the Day

hello stranger

said to a person that you know but have not seen for a long time

Word of the Day

Come on – you can do it! Phrasal verbs with ‘come’.

by Liz Walter​,
November 19, 2014
As part of an occasional series on the tricky subject of phrasal verbs, this blog looks at ones formed with the verb ‘come’. If you are reading this blog, I’m sure you already know come from, as it is one of the first things you learn in class: I come from Scotland/Spain.

Read More 

silver splicer noun

November 17, 2014
informal a person who marries in later life Newly retired and now newlywed – rise of the ‘silver splicers’ Reaching pension age becomes a trigger to tie the knot as baby-boomers begin to redefine retirement

Read More