Black market or underground economy is the term used to describe the clandestine and illegal sale of goods, products or services, violating the pricing or rationing imposed by the government or companies.
The phenomenon of the black market arises in times of crisis or periods of government control of the economy, usually when the scarcity of basic goods forces governments to impose price controls or rationing of goods.
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We can then infer that the black market is regulated by the government of the country to which it belongs.
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Why did European nations seek a sea route to Asia? The wanted to bypass the existing trading routes that were controlled by foreign powers and gain direct access to the spices and other goods of Asia.
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Hey! Hope this helps.. got this off of someone else ages ago
<span> What is the ku klux klan? well they were the first sought to overthrow the Republican state governments in the South during the reconstruction era. ku klux klan also emphasized racism, secrecy and distinctive costumes. All have called for purification of American society.</span>
