gray market(redirected from Unobserved Economy)
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1. The business of buying or selling goods, such as imports, at prices below those set by an official regulatory agency or at prices below those prevailing in an established market.
2. The business of buying or selling securities that have not yet been officially issued and are not available through established brokers.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
1. a market operating within the law in which scarce goods are sold at above-market prices.
2. the selling of goods bought at a very large discount at prices substantially below the market price.
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
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|Noun||1.||gray market - an unofficial market in which goods are bought and sold at prices lower than the official price set by a regulatory agency|
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