Journal Prompt 9/25 Financial Friday
- Due Sep 26, 2020 by 11:59am
- Points 100
- Submitting a text entry box
- Available until Sep 26, 2020 at 11:59am
Black Markets
A market economy is an economic system in which production and distribution are guided by the price signals created by the forces of supply and demand.
A "black market" is an underground economy or shadow economy, is a clandestine market or series of transactions that has some aspect of illegality or is characterized by some form of noncompliant behavior with an institutional set of rules.
Black Markets Links to an external site. Black Markets 2# Links to an external site.
Explain the pros and cons of "Black Markets". Why did Pirates and other "Anti-Heroes" want to use this system? Why do "normal" people use?
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