Meaning ofblackmarketin English

Noun

1. illegal trade activities; violating rules
   The government cracked down on blackmarket activities in the city.
2. trade that evades restrictions (price, rationing, etc.)
   The company was fined for engaging in blackmarket trade to evade tax restrictions.
3. those who engage in illegal trading; a sector of economy
   The authorities arrested several individuals involved in the blackmarket.