Two Sides of a Coin in the Black Market

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Recommended: Effects of informal sector on economy

I. Introduction
II. The black market provides jobs with reasonable incomes.
The black market is entrepreneurialism in raw form. This means that it is open to innovation on a great scale. This system succeeds because it is not bound to the well-being of the formal economy. It is based solely on what people want to buy so it continues to grow even when the formal economy is frozen. It allows goods to be transported faster and to the right places with more ease because in this world businesses either die or prosper. There is no help or bailouts so that it is not a bolstered economy. Because of this system half of the world population has jobs and are able to feed their families.
While the black market in Spain may be keeping millions of dollars in taxes from being collected it is far from ruining the Spanish economy. In Spain unemployment is said to be at 24.4%. However, thanks to the black market this percentage could be off by 9%. Therefore, the black market is keeping the people of Spain from spiraling into chaos. The government should be thankful that the black market is keeping the system afloat. This way they may have the chance to fix the system before it completely collapses.
In Central America it is not uncommon for someone to have dropped out of school. The black market provides, for these people, a job. Although this job may at times seem very unprofitable a closer look reveals that it is the only thing keeping these people alive. For many this is the only type of job they can get because of the crippled economy and their lack of skills. Most of these people are single mothers who cannot earn as much as a man can but must take care of their children who were abandoned by their fathers. The black market is a ...

... middle of paper ...

...must eschew this type of illicit trade in order to ensure future economic stability in our own government.
Valladares, Danilo. "Central America: Women Eke Out a Living in Informal Economy." Global
Information Network. 17 Feb 2010: n.p. SIRS Issues Researcher. Web. 22 Nov 2013.
In Central America it is not uncommon for someone to have dropped out of school. The black market provides, for these people, a job. Although this job may at times seem very unprofitable a closer look reveals that it is the only thing keeping these people alive. For many this is the only type of job they can get because of the crippled economy and their lack of skills. Most of these people are single mothers who cannot earn as much as a man can but must take care of their children who were abandoned by their fathers. The black market is a lifesaver for these women and their families.

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