Question

What is an illegal market in which goods or services are traded without government regulation or oversight?

Answer 1

An illegal market is a marketplace where transactions occur outside the bounds of the law. The goods or services involved may be illegal to sell, purchase, or otherwise engage with under government regulation. These markets are often associated with illicit activities such as drug trafficking, weapons trading, and human trafficking.

Answer 2

An illegal market in which goods or services are traded without government regulation or oversight is known as a black market.

Answer 3

The illegal market in which goods or services are traded without government regulation or oversight is commonly referred to as the "black market."