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actually “black market” term are different name for “un official” market
it can be local market, little business store, bazaar or any sell and buy activity in some place
the difference between them ( official vs un official ) are about TAX
in black market each “party” are not paying any taxes ( even reporting it )
maybe the term of “black market” we are talking now are a little bit different
we are talking about black market in SHTF situation
or in war zone
or in any abnormal situation
soo the definition by Selco are match for SHTF or war zone situation