Business Style report

The black market is rumored to be equal or more significant than most legal with regards to market capitalization. Some figures claim that the current value of the globe’s black markets stands at 1.98 trillion dollars. However, the secret nature of the market makes it hard to ascertain its real worth. The constant boom of the black market and black market trade is attributed fact to the legislation put in place for the moderation of controlled services.

The argument over whether outlawing controlled substances leads to the growth of the black market is a long-standing one. This measure which aimed at deterring the use of controlled substances has associations with the constant growth of the black market. Several factors can be attributed to the boom and expansion of the black market as we shall cover throughout this report.

The outlawing of controlled substances has led to the boom of the black market for some reasons:

· The scarcity of controlled substances leads to higher demand for them.

· The black market network provides more privacy as compared to legal markets.

· Black market trade is highly profitable.