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vagabundo [1.1K]
3 years ago
9

What is black market please give a real world example under what circumstance do black markets arise?

English
1 answer:
Aleks [24]3 years ago
5 0

Answer:

The black market often sets a price for foreign exchange that is several times the official one. Examples of goods traded in the black market are weapons, illegal drugs, exotic and protected species of animals, and human organs needed for transplant surgeries.

Black markets typically arise when the government attempts to control prices or imposes an excessively high tax burden on transactions. For example, when a government imposes price controls on fuel, individuals willing to pay more than the fixed rate will form the demand side of a black market.

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Explanation:

To complete this exercise, you have to read the story <u>Earth (A gift shop)</u> written by Charles Yu and then answer the questions. The story is about a gift shop on the Earth that people visit to buy a souvenir and how they tried to do a museum to show things from the Earth but people who visited found it boring. It's a futuristic story about human behaviors that led to the destruction of the Earth.

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Explanation:

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Explanation:

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