English Lexicon

Black market

/ˈblæk ˌmɑːr.kɪt/
nounCEFR B2 (Upper)Top #4500 frequency
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Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    An illegal traffic or trade in officially controlled or scarce commodities.

    "During the economic crisis, many people turned to the black market to buy essential goods."
  2. 2

    A market where goods are sold illegally, often at inflated prices.

    "The black market for stolen art has grown significantly in recent years."

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Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

The term combines 'black' in its medieval European sense of illicit, clandestine, or wicked, with 'market' derived from Latin 'mercaus' via Old French. It gained widespread usage in the 20th century, particularly during and after World War II, to describe economic activity conducted outside official government channels and price controls.

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