The black market is a term used to describe the illegal trade of goods or services that are prohibited by law or regulations. These goods or services are often sold at higher prices than their legal counterparts due to the risks involved in their production, transportation, and sale.

The black market can include activities such as drug trafficking, weapons sales, human trafficking, counterfeiting, and piracy. It can also involve the sale of stolen goods, such as electronics or jewelry.

The black market exists in many countries around the world and is often fueled by poverty, corruption, and political instability. While some people turn to the black market out of desperation or necessity, others do so to make a profit.

The black market is generally considered harmful to society because it can undermine legal businesses and cause harm to individuals who are involved in illegal activities. It can also contribute to the spread of organized crime and other forms of illegal activity.