Grey market  

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Train wreck at Montparnasse (October 22, 1895) by Studio Lévy and Sons.
Train wreck at Montparnasse (October 22, 1895) by Studio Lévy and Sons.

A Grey Market (also spelled gray market), or parallel market, is the trade of a commodity through distribution channels which, while legal, are unofficial, unauthorized, or unintended by the original manufacturer. The most common type of grey market is the sale of imported goods (brought by small import companies or individuals not authorized by the manufacturer) which would otherwise be more expensive in the country they are being imported to. An example is drugs being imported into nearby wealthier nations where the drug manufacturer charges a higher price for a similar or equivalent product.

The term gray economy, however, refers to workers being paid under the table, without paying income taxes or contributing to such public services.

See also

Unless indicated otherwise, the text in this article is either based on Wikipedia article "Grey market" or another language Wikipedia page thereof used under the terms of the GNU Free Documentation License; or on original research by Jahsonic and friends. See Art and Popular Culture's copyright notice.

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