How black marketing lead to price rise. Explain
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How to determine black marketing?
Markets Commodities
Shyamal Gupta
Updated on November 25, 2017
BL25_black market.jpg
BL25_black market.jpg
Tags:economic offence commodities market
In a market-driven economy, it is difficult to determine whether the price that is being charged is black-marketing
Recently, the Chief Minister of Bihar, Jitan Ram Manjhi, stirred up a controversy when he said that hoarding and black marketing of goods by small traders will not be treated as a crime. He may have been politically incorrect yet he was logically correct.
The hoarding and black marketing by small traders have no material impact on the demand and supply of goods in the market as the quantity of goods being hoarded by these small traders are insignificant.