BFrom the sound of the sentence, an ordinary reader would assume that the black market is a place for the exchange of goods. In fact, the black market refers to economic activities involving illegal transactions of goods and services. The goods and services involved or found on the black market may be genuine and legal in nature, but the transaction process may make the entire process illegal. Illegal business activity is called “dark” because it involves obscure practices that always evade legal environments. According to Bahmani-Oskooee & Goswami (2005), the process is generally secret and hidden from legal authorities who would otherwise have been aware of the transactions if they had been legal. Although security officials and intelligence services have worked to put an end to the practice, there is no indication that the black market will end any time soon. Those who oppose black market trading cite reasons that include a number of well-observed facts. For example, trade endangers the lives of consumers; moreover, it results in a loss of taxes. Furthermore, it negatively affects corporate legal systems; this increases criminal activities and violates cross-border trade. It is clear that the black market is a serious economic problem and, as it is unlikely to end, it is important to inform readers of its positives and negatives. Although the term black market seems cryptic and undesirable in today's economic conditions, global economists attribute particular advantages to black market trading. Among the purported benefits of black market trading are facts such as the following: this practice helps improve the circulation of money in economies, it creates employment opportunities...... middle of paper . .....severe, unaffordable yet basic commodities, driving economic growth and supporting the legal economy. This is an essential provision as it promotes commercial aspects around the world. It is also important to agree that these transactions involving almost all tradable products and services, whether genuine or counterfeit, support the transactions seen on the black market. According to Bahmani-Oskooee & Goswami (2005), proponents of the black market cite numerous reasons to justify its adoption. The fact that commerce involves transactions in almost all tradable products and services, whether genuine or counterfeit, makes it very difficult to control. This is demonstrated explicitly by supporters of the black market who cite numerous reasons for its existence. Economic support, job creation, monetary circulation and many more have anchored this trade in various global economies..