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A grey market or dark market (sometimes confused with the similar term "parallel market") [1] [2] is the trade of a commodity through distribution channels that are not authorised by the original manufacturer or trademark proprietor. Grey market products (grey goods) are products traded outside the authorised manufacturer's channel.
An informal economy (informal sector or grey economy) [1] [2] is the part of any economy that is neither taxed nor monitored by any form of government. Although the informal sector makes up a significant portion of the economies in developing countries , it is sometimes stigmatized as troublesome and unmanageable.
Unsolicited transactions are processed independently and not centrally listed or quoted. Trades are reported to a self-regulatory organization (SRO), which then passes the data on to market data companies. The grey market is also called OTOTC or Other OTC. [32] [33] As of October 18, 2023, there were 1,426 securities in the grey market. [18]
Here are key situations where the gray market is used for securities trading.
Market economies range from minimally regulated free market and laissez-faire systems where state activity is restricted to providing public goods and services and safeguarding private ownership, [3] to interventionist forms where the government plays an active role in correcting market failures and promoting social welfare.
Counter-economics is an economic theory and revolutionary method consisting of direct action carried out through the black market or the gray market. As a term, it was originally used by American libertarian activists and theorists Samuel Edward Konkin III and J. Neil Schulman. The former defined it as the study or practice "of all peaceful ...
Penetrating the market via the grey market first, is a valid market entry strategy. [46] The Lamborghini Countach was initially only available as a grey market vehicle (from 1976 to 1985), as were the Range Rover and Mercedes-Benz G-Class. [27] These automakers later made US models to meet the demand. [47]
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