The document discusses black markets, which refer to illegal economic activity involving goods or services traded in violation of government regulations. Black market transactions typically occur secretly or underground. Reasons for the formation of black markets include government price controls, taxation of goods and services, and obtaining prohibited items. The document provides examples of black market currency exchange rates in Egypt, Argentina, Iran, and Venezuela where government controls have led to high inflation and demand for foreign currencies like the US Dollar on the black market. Other black markets mentioned include rising prices, currency exchange, exotic animals and products, and human organs.

3. It refers to the economic activity
Services are regularly traded to
contrary or government regulations.
Conduct “in the dark”
Nothing but an “transaction under the
table”

4. Reasons of black market
forming
“Govt. price control” and
rationing of goods.
Paying taxes on goods and
services
Obtain illegal goods and

5.  Egypt
The Egyptian pound lost 13.4% against dollar($) in subsequent
two years
 Argentina
Inflation is approaching 25% in black market. 6.7 Argentine
Pesos are required to purchase US Dollar($)
 Iran
Official exchange rate is 12260 rial to US Dollars. Black market
plugged 60% to 69000 in one week
 Venezuela
Inflation rate of 28% have led unpredicted demand for US
Dollars. Venezuela Bolivar has resultantly fallen to value of 9.25
Versus.

7.  Rising in price
 Today's Indian black market.
 Other Black Market include
Copyrighted material
Currency exchange
Exotic animals and Products
Human organs for transplant and
research

15. Guided By:-