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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 extreme example of shadow economy camouflaged by the financial market is Luxembourg where the relative annual shadow economy is only 8% of the GDP which is the second lowest percentage (2013) of all EU countries whereas its absolute size (€6.800 per capita) is the highest. Map of the national shadow economies per capita in EU countries.
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]
But the rise of technology has led to an evolved "black market" -- and rather than exotic animals and tangible exports, data like credit card information and even streaming accounts are up for grabs.
The Australian market is an example of a relatively small consumer market which does not benefit from the economies of scale and competition available in the larger global economies. Australia tends to have lower levels of competition in many industries and oligopolies are common in industries like banking, supermarkets, and mobile ...
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The term grey market refers to the sale of branded goods by unauthorized third parties. [1] The organization was founded in 2001 by companies including Cisco, Hewlett-Packard and Microsoft. [2] Its efforts include preventing unauthorized online sales of billions of dollars worth of technology products produced by its members. [3]
Merchandise exports are goods that are produced in one country and sold to another country. Only physical objects are counting under this kind of exports. For example, cars, clothing, machinery, and agricultural products are merchandise exports. Exports of services are excluded.