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What is a black market?

What is a black market? Here are some definitions.

Noun
  1. trade that is in violation of restrictions, rationing, or price controls
  2. the people who engage in such trade (considered as a group), or that sector of the economy
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Examples
With cigarette prices up and the number of smoke-friendly places down, the black market for loosies is now thriving on the streets.
The vast black market in second-hand mobile phones has made the thefts an easy way to make money.
The hackers used off-the-shelf malware to wipe the firm's computers, a cyberweapon they probably bought on the Internet black market.
Experts say increasing financial pressures are forcing fishermen to sell extra fish on the black market.
The Alhambra was the place to be and tickets were flogged on the black market.
Only those tour guides who collude with black market tourist shops should be firmly fought against.

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