Abstract

Illegal market, similar to the legal one, is the field of social relations in which production, exchange, sale and consumption of goods and services are carried out, the difference being that products/services that are exchanged or the exchange itself violate the established legal provisions. The significance of their research arises from the fact that huge financial assets are accumulated in illegal markets, while ignoring their existence to say the least means ignoring the problem of organized crime and makes understanding of even legal markets more difficult. The approach to explain organized crime by the analysis of structure and functioning of illegal markets is based on the fact that the illegal markets are the dominant social setting where this kind of crime is generated and developed. Multiple character of the phenomenon of illegal market conduct in general makes it impossible to distinguish legal from illegal markets based on the character of products being exchanged. The focus should instead be on identifying various forms, i.e. types of illegal markets. Also, normal functioning of the market requires transparency and anticipation of market transactions, as well as adaptability of market participants. The three main factors whose disbalance leads to market instability and disturbance of coordination of activity of market participants are the problems of assessment of value, competition and cooperation.

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