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.
Answer:
We can then infer that the black market is regulated by the government of the country to which it belongs.
Answer:
A Cuba
Explanation:
Because Cuba is in pure demand means that there will be some government involvement, which means less freedom and pure market will not involve the government ,meaning more freedom.
<span>Growth Mindset: This is when a person believes that their abilities can be developed through dedication and hard work. This was first described by Carol Dweck in her research entitled 'Mindset: The New Psychology of Success'. This is in contrast to those having a Fixed Mindset, where a person believes their abilities are static and cannot change regardless of the effort they put in.</span>
The governments fiscal policy options for moving the economy out of a recession include increasing government spending or deceasing taxes or maybe both <span /><span>
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