black market

(redirected from Hidden Market)
Also found in: Dictionary, Thesaurus, Financial.

black market,

the selling or buying of commodities at prices above the legal ceiling or beyond the amount allotted to a customer in countries that have placed restrictions on sales and prices. Such trading was common during World War II wherever the demand and the means of payment exceeded the available supply. Most of the warring countries attempted to equalize distribution of scarce commodities by rationing and price fixing. In the United States black-market transactions were carried on extensively in meat, sugar, tires, and gasoline. In Great Britain, where clothing and liquor were rationed, these were popular black-market commodities. In the United States, rationing terminated at the end of the war, but a black market in automobiles and building materials continued while the scarcity lasted. In the decades following World War II, as the countries of Eastern Europe were trying to industrialize their economies, extensive black-market operations developed because of a scarcity of consumer goods. Black marketing is also common in exchange of foreign for domestic currency, typically in those countries that have set the official exchange value of domestic currency too high in terms of the purchasing power of foreign money. Black-market money activities also grow when holders of domestic currency are anxious to convert it into foreign currency through a fear that the former is losing its purchasing power as a result of inflation. See also bootleggingbootlegging,
in the United States, the illegal distribution or production of liquor and other highly taxed goods. First practiced when liquor taxes were high, bootlegging was instrumental in defeating early attempts to regulate the liquor business by taxation.
..... Click the link for more information.
.

Bibliography

See W. Rundell, Black Market Money (1964).

black market

1. 
a. any system in which goods or currencies are sold and bought illegally, esp in violation of controls or rationing
b. (as modifier): black market lamb
2. the place where such a system operates
References in periodicals archive ?
c, R; [theta]), thus, is determined by the agent's best strategy with respect to reporting his realization of the shock [theta] as well as saving/borrowing in the hidden market.
According to the Survey on Non-Observed Economy carried out in 1995 employees working in the hidden market were distributed in a different way.
The new business intelligence technology, which uncovers hidden market opportunities and insights, opens the door for Irdeto to not only protect our customer's revenue but to have a role in growing it.
There is plenty of oil in the world, but there are a lot of hidden market things being done by the producers.
ThomasNet is an example of a company that uses innovative content to help industrial companies capitalize on hidden market opportunities.
Job recruiters have access to a hidden market for confidential positions not otherwise posted or seen by the majority of job seekers and are up to date on positions from their clients that have not yet officially opened.
I search the hidden market of businesses quietly for sale by-owner; these sellers want to know me because they do not have to pay me a sales commission.
Business Buyer Advocates introduce buyers to companies quietly for sale by-owner on the hidden market, while also providing street-smart guidance to buyers who want to purchase a business listed for sale by business brokers.
Until now, foreclosures have been a hidden market opportunity for professional investors and realtors.