Question

Write down the majors to control black
market

Answer 1

The common element to all black markets is over-regulation, whether that’s a ban, price fixing, or other forms of restriction. A black market doesn’t exist if it’s:

1. Legal, and

2. Price-equalized to supply and demand

Trying to “control” the black market with more regulations never works, although it can reduce market share considerably. It’s why even China and North Korea have a thriving black market in even the most oppressive of regulation structures.