Professional Documents
Culture Documents
(/en)
Products Prices (/prices) Support (/support) Resources
СRM (/features/crm)
Chatbots (/features/chatbot)
Instagram Chatbots
WhatsApp Chatbots
SMS (/features/sms)
API (/integrations/api)
Integrations (/integrations)
Features (/features)
Login Sign Up
https://sendpulse.com/support/glossary/black-market 1/7
06/09/2022, 18:02 What is a Black Market: Basics - Definition | SendPulse
Blog (https://sendpulse.com/blog)
Academy (https://learn.sendpulse.com/courses/training)
Home (/)
/
Support (/support)
/
Internet Marketing 101 (/support/glossary)
/
Black market
Contents
https://sendpulse.com/support/glossary/black-market 2/7
06/09/2022, 18:02 What is a Black Market: Basics - Definition | SendPulse
In this article, we'll find out how black markets started and why they exist now. We'll also
uncover why they affect economies so negatively and how governments try to control them.
High levels of unemployment often provoke workers to look for any kind of job to make money.
People who don't have the opportunity to find a job legally end up in illegal businesses. They don't
report their occupation and salary to their governments and don't pay taxes. Some enter black
markets because of the numerous licensing restrictions they can't afford to invest money in.
Now that you know why black markets exist, let's find out how they started.
People came up with different ways to sell their goods illegally. For example, farmers reported a
lower number of births of new animals to supply meat to their buyers illegally. There was also a
case when US supplies that were meant only for the US army got to the British black market.
It's time to find out how black markets influence the economy.
Login Sign Up
https://sendpulse.com/support/glossary/black-market 3/7
06/09/2022, 18:02 What is a Black Market: Basics - Definition | SendPulse
All transactions on black markets happen without governments' consent and permission. The
shadow economy activities also don't involve the payment of taxes. This affects governments'
revenue that could have been used to pay for its citizens' services. Since underground market
economic activity isn't mentioned in the statistics, it undervalues a country's GDP (gross domestic
product) as well.
Let's have a look at the ways governments control the black market.
The US government tries to fight illegal trade. Customs and Border Protection authorities prevent
illicit goods from entering the United States while the Drug Enforcement Administration and the FBI
do everything possible to reduce drug trafficking.
The shadow economy has a long history and continues its existence until today. There are still a lot
of sellers and buyers involved in black markets online.
Resources:
1. In this article (https://www.thebalance.com/black-economy-4173517), you'll find information
about the black Login
market and its influence. Sign Up
https://sendpulse.com/support/glossary/black-market 4/7
06/09/2022, 18:02 What is a Black Market: Basics - Definition | SendPulse
Rebranding (/support/glossary/rebranding)
User Rating: 5 / 5
NEW
Login Sign Up
https://sendpulse.com/support/glossary/black-market 5/7
06/09/2022, 18:02 What is a Black Market: Basics - Definition | SendPulse
If you are interested in "What is a Black Market: Basics" you might be interested in our bulk email
service.
Sign Up
English (https://facebook.com/SendPulse)
(https://twitter.com/SendPulseCom)
(https://www.youtube.com/c/SendPulse_en)
(https://www.linkedin.com/company/sendp
(https://www.instagram.com/sen
(https://sendpulse.com
Login Sign Up
https://sendpulse.com/support/glossary/black-market 7/7