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Black market
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The government ’s strict import regulations led to the rise of a black market for electronics, where consumers were willing to pay double the retail price for the latest gadgets.
In countries facing severe shortages, the black market flourished, with people selling essential goods like food and fuel at outrageous prices.
Authorities are cracking down on the black market for stolen art, which has seen a surge in activity as collectors seek rare pieces without the proper documentation.
to black market
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deal in illegally, such as arms or liquor