Reply two student 150 words each
1-Khammi Yousif
The black market: It is the market in which illegal goods are sold, that is, they are not priced according to the official prices of the state, as they are outside the official economy of the state ... such as selling human organs, or selling cigarettes, or trading in stolen antiquities of the country. From an economic point of view, these markets achieve huge returns and profits for the benefit of traders in most cases. The black market arose for two reasons: the first is to escape from the price restrictions imposed by the state on goods and services, and the second is the desire to evade taxes that the state also imposes on goods and services. Black market prices are higher than the official market if the demand for the good or service is high, and their prices are lower than the official market if the demand for the good or service is low.
2-Raida Polis
A black market basically means that it is an underground market where products are sold and traded illegally and they are not government-sanctioned, which basically means that they do not have the government's permission. The things that are usually sold in the black markets are illegal goods like some drugs or harmful weapons for example. People may not realize if a specific place is a black market or not, and it can affect people in very negative ways, such as losing a lot of money. People could lose money because of the fact that taxes are not collected in the black markets. Even though there are many obvious negatives about the black markets and the risks about them, many people still seem to purchase things from illegal markets which is not a good thing.
An example of a black market is how people sell human organs or they even sell specific and wild species of animals. People also illegally sell movies, DvDs, and music as well. The circumstances in which black markets arise could be when a specific good/item is banned or discontinued, which could lead to people selling those specific goods, or even making fake versions of them and convincing people to but them. Another way the black markets could arise are when people don't want to pay taxes so they affiliate themselves to black markets because taxes are not collected. People could also lean towards black markets if the prices are very cheap compared to where the goods are regularly sold. In general, money is a huge factor for why black markets exist.