![Why does black market occurs? Why does black market occurs?](https://digitalteachers.co.ug/wp-content/uploads/2022/09/Bbosa-Science.png)
Why does black market occurs?
- To avoid taxes
- Buying and selling goods prohibited by law such as cocaine or cannabis
- Hoarding of commodities due to expectation of higher prices
- To highly restricted and/or taxed scarce goods
CATEGORIES Economics
TAGS Dr. Bbosa Science