Monday, February 15, 2010

The Black Market

The black market shows up as the informal sector - economics in our online book catalog. Good articles on this subject can be found in our Business Source Complete or other business databases.

If you are doing a search on this topic, don't forget to search informal economy (or some derivation) as a keyword.

The "informal economy" is a fact of life for most of humanity. There are different reasons you might have a black market. The "informal" economy more accurately reflects demand (either with more expensive or cheaper goods), circumvents currency regulations, inflexible working regulations, or a number of other reasons depending on the context.

I'm just preparing Americans for a possible world that they know little of: currency controls, currency devaluation, how to negotiate the black market, etc...

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