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Essay

Black Market

Essay specific features

 

Issue:

Social Issues

 

Written by:

Sandra B

 

Date added:

February 23, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 1074

 

Was viewed:

2055 times

 

Rating of current essay:

 
Essay content:

"Black Market" comes from a time in the eighteenth century when southern Carolina slaves were encouraged to grow their goods to market. As they grew profitable, local government barred white people from buying their food, yet many continued to do so. As a result of an increase in government restrictions, black market prices, for the items most needed, will rise...
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Restrictions represent a decrease in supply and an increase in risk on the part of the suppliers, sellers, or any middlemen. A decrease in supply will increase prices, and also increased enforcement of restrictions will increase prices for the same reason. There are two levels in illegal goods. One is the good may be less expensive than legal market prices because the supplier did not pay the normal costs of production or pay the taxes...
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