grey market

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Related to Gray economy: Grey economy

grey market

or

gray market

n
1. (Commerce) a system involving the secret but not illegal sale of goods at excessive prices. Compare black market
2. (Stock Exchange) stock exchange a market in the shares of a new issue, in which market makers deal with investors who have applied for shares but not yet received an allotment
3. (Economics) the market for goods and services created by older people with a comfortable disposable income and increased opportunities for spending it
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.grey market - an unofficial market in which goods are bought and sold at prices lower than the official price set by a regulatory agency
market, marketplace, market place - the world of commercial activity where goods and services are bought and sold; "without competition there would be no market"; "they were driven from the marketplace"
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
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References in periodicals archive ?
The goal is to unburden the economy, which will mean higher collection of public revenues, a reduction of gray economy, a significant increase in investment and raising the competitiveness of the domestic economy.
Akbar said that Pakistan's gray economy was not hidden from anyone and added that the shame would help documentation of the economy.
The Bulgarian Industrial Association has always been in a position to fight the gray economy. The effort and purpose of Ordinance H-18 is something that we should welcome, "said Chamber Chairman Radosvet Radev.
Along with the rest of Russia, "the gray economy is going digital," said Yegor Grygorenko, partner at Bain & Co in Moscow.
In the fight against the gray economy, Macedonia is stagnating as a result of the loss of taxpayer trust in institutions in the wake of the political and economic crisis.
INTA's figures show tax evasion amounts to between 140 trillion and 300 trillion rials ($3.5 billion-7.5 billion) in the country due to the gray economy, smuggling and lack of transparency.
Thus, even individuals who are working in the gray economy, who are working abroad, who have not worked in the past or who do not wish to work, will register as unemployed.
The move will help eradicate the gray economy, besides creating more job and investment opportunities for young citizens, they said.
In the systemic approach to solving the problem of the gray economy, as one of the priorities to increase budget revenues and creating fair conditions for business, the Montenegrin government adopted the Information on the implementation and effects of the measures of the Action Plan for combating the gray economy for the period April-July 2013th year.
With the economy floundering and formal jobs scarce, more Egyptians are trying to make ends meet in the massive gray economy, which operates outside the tax system and most government regulation.
Anis Ajdinovic told the Federal News Agency (FENA) that overall inspection activities of the Administration are mostly focused on the most recognizable forms of the gray economy - precarious work, non-issuance of fiscal bills and work without the approval of the competent authority.