Questions tagged [black-market]

The black economy (conducted on the black market) is part of the economy that is illegal not merely because it is not taxed but also because it is considered damaging by society.

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Why is the cash in circulation on the rise in rich countries?

The amount of cash in circulation is on the rise in rich countries (US, EU, etc; except the cashless economy, Sweden). In the digital era, isn't this phenomenon contradictional? For example, here's ...
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How exactly does the black market affect a country's economy?

Disclaimer: I'm far from an expert on economics. I apologize if the question seems poorly asked or not clear. Take for example the drug trafficking business and cartels in the past. It seems to me ...
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Which part of the market value a thief can expect to get for the stolen item?

If a thief steals an item to make money from it, which percent of the legal market value the thief typically gets? For instance, if the thief steals a bike that costs $1000 new in the shop, how much ...
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Analyzing Farm Bureau's claim that milk prices would double at the retail level if all the illegals were deported

A 2015 article on the Farm Bureau's website states: Half of all workers on U.S. dairy farms are immigrants, and the damage from losing those workers would extend far beyond the farms, nearly ...
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What could cause the spike in the Venezuelan unofficial currency exchange?

In November last year the unofficial currency exchange rate in Venezuela skyrocketed. It was only one month later that the government was able to slow the increase rate to “normal” values. The ...
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Is craigslist part of the Shadow Economy?

Is craigslist part of the Shadow Economy? Many if not most of the purchases that take place there are done without taxation.
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Intermediate level macro/econometrics literature on grey/black markets

The grey economy is a part of the economy that is not taxed because it functions 'under the table'. It is illegal in the sense that it's a form of free riding, but it is not considered damaging by ...