gray market

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  • noun

Synonyms for gray market

an unofficial market in which goods are bought and sold at prices lower than the official price set by a regulatory agency

References in periodicals archive ?
Now we will discuss a method, used in the survey of Statistics Lithuania on Non-Observed economy for the assessment of hidden employment in our country in 2003.
Comments on general methodology in the Statistics Lithuania research "The Non-observed Economy" are as follows:
2002: Preliminary estimates of the non-observed economy. Unofficial Study of 2002.
The largest share of the non-observed economy belongs to the trade sector (13.1% of GDP).
Non-observed economy in national accounts; survey of country practices.
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