black-market

Meanings

• noun

  An illegal market for buying and selling goods or services at prices higher than the legal or official prices.

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Rhymes

Words rhyming with black-market
marketplace , bake sale , escape , grape , hake , mate , plate , rake , shake , stake , take , yake

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Variants

List of all variants of black-market that leads to same result
black marketeer , black marketeering , black marketeerings , black marketeers , black marketer , black marketers , black-market , black-marketed , black-marketing , black-markets , black market , black markets

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Etymology

origin and the way in which meanings have changed throughout history.

The term 'black market' originated during World War II when goods were sold on the 'black' or 'unofficial' market to evade price controls and rationing.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. The term 'black market' is also known as the 'unofficial market', 'the shadow economy', and 'the gray market'.

2. The black market is estimated to account for up to 20% of the global economy.

3. The first recorded use of the term 'black market' was in 1940 during World War II.

4. The sale of human organs on the black market is a major global issue and can lead to serious health risks and ethical concerns.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. underground economy: The black market is a part of the underground economy, which refers to economic activities that are not reported to the government.

2. gray market: The gray market refers to the sale of goods that are not illegal but are sold outside of the official channels, often at lower prices than the manufacturer's suggested retail price.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

The black market has been a common theme in literature and movies, often portraying it as a place of danger, secrecy, and moral ambiguity. It has also been associated with various social and economic issues, such as income inequality, corruption, and organized crime.

How to Memorize "black-market"

1. visualize
   

   - Visualize a secretive and hidden marketplace where people exchange goods and services under the cover of darkness.

2. associate
   

   - Associate the term 'black market' with the idea of illegality, secrecy, and hidden transactions.

3. mnemonics
   

   - Remember the acronym 'B.L.A.C.K.' which stands for 'Black-market: Illegal, Hidden, Secretive, and Contraband'.

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