Black markets often emerge when products/services are banned or subject to price controls. They are illegal and operating outside the approval of the government. Is this development good or bad?
Black markets often emerge when products/services are banned or subject to price controls. They are illegal and operating outside the approval of the government. Is this development good or bad?
Chapter19: Economies In Transition
Section: Chapter Questions
Problem 5SQ
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Black markets often emerge when products/services are banned or subject to price controls. They are illegal and operating outside the approval of the government. Is this development good or bad?
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