The Problem with Black Market Economics Origin of both its existence and problems

The Problem with Black Market Economics Origin of both its existence and problems

The term ‘black market’ has a negative connotation to it and with relatively good reason. It’s often associated with transactions relating to illicit drug use, firearms sales, and prostitution. However, the negative implication of the black market is due to its being “unregulated’ by the government. It exists outside the law and therefore it must be the law that has the black market unsafe safe. While it’s true that government regulation of the market influences the operation of the black market, it’s not true that the government keeps us safe through regulation.

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