BFrom the sound of the sentence, a common reader would assume that the black market is a place for exchanging goods. Indeed, black market refers to economic activities that involve illegal transactions of goods and services. The goods and services involved in or found in the black market may be genuine and legal in nature, but the transaction process can make the entire process illegal. The activity of transacting illegal business bears the name “black” because it involves dark practices that always evade legal circles. According to Bahmani-Oskooee & Goswami (2005), the process is usually secret and hidden from legal officials who would otherwise have known about the transactions had they been legal. Although security agents and intelligence authorities have made efforts to stop this practice, there is no sign that the black market trade will end any time soon. Those who oppose the black market cite reasons that include a number of well-observed facts. For example, trade endangers the lives of consumers; Furthermore, it leads to loss of taxes. Furthermore, it negatively affects legal business systems; increases criminal activities and violates cross-border trade. It is clear that black market trading is a serious economic problem and since it is unlikely to end, it is important to inform readers of its positive and negative points. Although the term black market sounds enigmatic and undesirable in current economic conditions, global economists attribute particular benefits to black market trading. Among the purported benefits of black market trading are facts such as the following: the practice helps improve the circulation of money in economies, creates timely employment... middle of paper... basic necessities, stimulating economic growth and supporting the legal economy. This is a crucial provision as it promotes aspects of trade around the world. It is also important to agree that this transaction in almost all tradable goods and services, whether authentic or counterfeit, supports the relationships shown in black market trading. According to Bahmani-Oskooee & Goswami (2005), supporters of the black market cite many reasons for its embrace. The fact that trade involves transactions in almost all tradable goods and services, both genuine and counterfeit, makes it very difficult to contain. This is explicitly demonstrated by supporters of the black market who cite numerous reasons for its existence. Economic support, job creation, circulation of money and many other factors have anchored this trade within various global economies.