The black market refers to illegal trade where goods and services are bought and sold without government regulation. This can include anything from drugs and weapons to counterfeit products. People often turn to the black market when they want something that is restricted or too expensive in the legal market. Participants in the black market risk legal consequences, as these transactions are against the law. Despite the dangers, the black market thrives in many areas, often fueled by demand for items like illegal drugs or stolen goods. It can also impact the economy by undermining legitimate businesses and tax revenues.