Which sector has black market in your country.

[Niyi Briggs]

The black market refers to illegal or underground economic activity, such as buying and selling goods or services that are prohibited by law or in violation of regulations.

These transactions typically take place outside of government oversight and are not subject to taxes or regulations. The term "black market" is derived from the idea that such activities are hidden or operate "in the shadows."

In Nigeria, we have black market in sale of refined fuel.

 

[Shavkat]

We don't have like this kind of business. However, we do have shops in the black market but they are legit ones.

 

[SHAHID987]

Here some places we see petrol are selling on carts even rules are very strict but some people are involved in selling of of this.

 

[flower]

There are different sectors with black market in the economy. The oil sector has a black market and the currency exchange market also has one. .

 

[Reedex]

The fuel has black market in my country and when there is fuel scarcity, we would always buy from the black market.

 

[uptrendfinancialsignal]

The exchange of your foreign currency to fiat currency and vice versa also has a black market in my country.

 

[Bisolami]

The black market refers to illegal or underground economic activity, such as buying and selling goods or services that are prohibited by law or in violation of regulations.

These transactions typically take place outside of government oversight and are not subject to taxes or regulations. The term "black market" is derived from the idea that such activities are hidden or operate "in the shadows."

In Nigeria, we have black market in sale of refined fuel.

It is very illegal but we have a lot of black market here. People even buy fuel in black market.

 

[Springtime]

Cigarettes is one of the most popular products in black market here. It is due to the fact that the government has levied a heavy tax on cigarettes, making that product very expensive.

 

[Bisolami]

Cigarettes is one of the most popular products in black market here. It is due to the fact that the government has levied a heavy tax on cigarettes, making that product very expensive.

For real?
People buy cigarettes freely here but they are always warned about the effects of cigarettes that smokers are liable to die young

 

[Springtime]

For real?
People buy cigarettes freely here but they are always warned about the effects of cigarettes that smokers are liable to die young

Cigarettes are available at convenient stores, newspaper stands and some stores, but you can buy cigarettes cheaper in the "black market". At present, Hong Kong law prohibits the sale of tobacco products to anyone under the age of 18. There is also a warning message on the cigarette pack that smoking is hazardous to health.

 

[eldavis]

There is actually a black market for almost anything, it is not limited to just a particular sector. There is even a black market for buying illegal drugs or even stolen phones.

 

[Niyi Briggs]

In my country, there are two markets for the exchange of dollars. One is the official market where the rates ks fixed by government. The other is tge Black market where the forces of demand and supply fix the rate of exchange of dollars.