Black Market
I. Introduction
The black market is known for the illegal trade that is taking place. The market itself is hidden from the public’s eye due to the state of the goods being traded. We are all aware that this kind of industry exists, yet none is really doing anything to put a stop to it, especially now that even endangered species are available in the market. Or even if there are efforts being done, it is still not enough. Trading of some of the most endangered species there is may result to various effects and that’s what our report would tackle. Endangered species would always be connected to black market and so it would be included in this research. Basically we would discuss about what causes black market, how it runs and why people resort to getting involved in this. We would also be featuring the different animals that are available in the black market. Articles and different researches would also be added, and of course how this affects the homeostasis in our environment.
II. Black Market
A black market is one where the buying and selling of products and services take place in an illegal manner. A black economy is a highly organized and vast market where the regular taxation rules and norms of trade are not adhered to. A black market is known by several names, including black economy, underground market, shadow economy, underdog and parallel economy.
In our report we would focus on the goods that are being sold in the black market which are causing the endangerment of certain species. The supposedly well-kept rare animals were being hunted for some materials which are subject to illegal trading. Some of the factors which contribute to the existence of black market are low availability of an item in the market, overpricing of the item in the local and international market, excessive regulations in the customs, corruption and less regulations concerning these things which produces laxity. In effect, the national income would be low, nations participating in
The black market is known for the illegal trade that is taking place. The market itself is hidden from the public’s eye due to the state of the goods being traded. We are all aware that this kind of industry exists, yet none is really doing anything to put a stop to it, especially now that even endangered species are available in the market. Or even if there are efforts being done, it is still not enough. Trading of some of the most endangered species there is may result to various effects and that’s what our report would tackle. Endangered species would always be connected to black market and so it would be included in this research. Basically we would discuss about what causes black market, how it runs and why people resort to getting involved in this. We would also be featuring the different animals that are available in the black market. Articles and different researches would also be added, and of course how this affects the homeostasis in our environment.
II. Black Market
A black market is one where the buying and selling of products and services take place in an illegal manner. A black economy is a highly organized and vast market where the regular taxation rules and norms of trade are not adhered to. A black market is known by several names, including black economy, underground market, shadow economy, underdog and parallel economy.
In our report we would focus on the goods that are being sold in the black market which are causing the endangerment of certain species. The supposedly well-kept rare animals were being hunted for some materials which are subject to illegal trading. Some of the factors which contribute to the existence of black market are low availability of an item in the market, overpricing of the item in the local and international market, excessive regulations in the customs, corruption and less regulations concerning these things which produces laxity. In effect, the national income would be low, nations participating in