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Definition of Illegal trade

Babylon English

commerce which is not authorized by law, unlawful transactions
Illegal trade Definition from Law Dictionaries & Glossaries
European Commission Glossary of Justice and home affairs
The trade in unauthorised copies or quantities of merchandise, otherwise known as the black market. EU customs authorities cooperate to prevent such illegal trade across EU borders. (See Customs)
© European Communities, 1995-2004
Illegal trade Definition from Encyclopedia Dictionaries & Glossaries
English Wikipedia - The Free Encyclopedia
A black market, underground economy, or shadow economy is a market in which goods or services are traded illegally. The key distinction of a black market trade is that the transaction itself is illegal. The goods or services themselves may or may not be illegal to own, or to trade through other, legal channels. Because the transactions are illegal, the market itself is forced to operate outside the formal economy that is supported by the established state power. Common motives for operating in black markets are to trade contraband, avoid taxes and regulations, or skirt price controls or rationing. Typically the totality of such activity is referred to with the definite article as a complement to the official economies, by market for such goods and services, e.g. "the black market in bush meat".

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