There are many problems that surround the world today. One in particular is the Black Market created by poor economic factors in Venezuela. This relates to a number of different factors, and people are finding other ways to receive the necessary goods that they need. Whether it be the black market, grey market, or peer to peer network. It is the responsibility of Governments to assist or the need for these markets will continue to grow in importance over time.
Key Takeaways:
- In Venezuela, many every day necessities are not in stores, thus leaving people to depend on the black market.
- Greece is also becoming reliant on the black market due to many tax increases and cuts in peoples pensions.
- The governments in Venezuela and Greece are fighting back by carrying out raids and even injuring people, even though it is just for the people to have their basic needs met.
“The shadow economy refers to more than just the trade of illegal goods. A grey market, for example, provides legal products that have become difficult to find.”
Read more: http://www.healthnutnews.com/black-market-saving-two-countries-governments/