Eli5: the grey market
In: Economics
The grey market is the buying and selling of products through channels not allowed by the producer of said product.
One major example of this is with pharmaceuticals. Some medicines are cheaply or freely available in one country but extremely expensive in another. Legally acquiring them in one country and then reselling them in another would be considered grey market, assuming these medicines were legal to buy in both countries.
Sometimes the grey market is illegal, other times it isn’t.
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