Essay On Black Market

INTRO:
Today we are going to be explaining about the black market increasing because of the continuous banning of products. We are going to explain the economic, political, historical, medical, and social standpoints of our argument. The black market is a large underground economy where illegal transactions are made. In the black market, lots of illegal things are sold, like drugs, alcohol, guns, and services. The main thing that is popularly sold in the black market are drugs. We think that the reason the black market is getting bigger is because of the amount of things things being banned from the regular market.

MAIN:
The black market is continuously growing and it may be seen as a good or a bad thing. The growth of the black market changes the economy in many ways. The economy may go up or down, but mainly …show more content…
If you were to go to a store today, it would be considered a white market. The price also depends on if the product is banned in the “white market”. This is the main source for prices of things in the black market. If a product is banned in the “white market”, it will cost more in the black market, because the vendor of the item would have to have gone through a lot to get said item. Most things from the black market are also stolen or smuggled. When they are stolen or smuggled, the item that came from the “white market” store would have effected that shop in some way. It also changes the price for the item in the black market, it causes the price to decrease because the vendor didn’t have to pay any taxes for the item. The pricing from the black market to the white market is fairly similar, besides the banned items and the fact that there are no taxes in the black