Definition of grey market

grey marketnoun

thị trường xám

/ˌɡreɪ ˈmɑːkɪt//ˌɡreɪ ˈmɑːrkɪt/

The term "grey market" refers to the unintended or unsanctioned distribution of goods, mainly pharmaceuticals, through channels other than the official or authorized distribution network. It derives its name from the fact that these products may not be completely illegitimate or counterfeit (which would make them "black market" items) but also not officially recognized or approved ("white market"). These grey markets often arise when the demand for a product outstrips the supply in the authorized market, causing it to be resold at a premium or imported from other markets where it may be more readily available. While grey markets can offer cheaper prices, they also pose risks such as reduced quality control, safety concerns, and the potential for counterfeit goods.

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a system in which products are imported into a country and sold without the permission of the company that produced them

một hệ thống trong đó các sản phẩm được nhập khẩu vào một quốc gia và được bán mà không có sự cho phép của công ty sản xuất chúng

old people, when they are thought of as customers for goods

người già, khi họ được coi là khách hàng mua hàng

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