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Black Market (Trading)

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Sometimes collectively known as the black economy or the underground economy, goods and services are traded on the black market to evade any number of legal requirements. The black market includes informal and otherwise legal transactions that aren't reported to tax agencies, such as personal services that are paid for in cash to circumvent reporting taxable income to the government, as well as inherently criminal transactions, such as the sale of illegal drugs or copyright and trademark infringements.

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