The white market is the legal, official, authorized, or intended market for goods and services. The white market in some goods, such as
adoption of children, has been criticized as being inefficient due to government regulation.
In other instances, such as the sale of
cannabis in the United States
The use, sale, and possession of cannabis over 0.3% THC in the United States, despite laws in many states permitting it under various circumstances, is illegal under federal law. As a Schedule I drug under the federal Controlled Substances Act ...
, there are both white and black markets due inconsistent laws between the different states and the federal government.
It is distinct from the
black market of illegally trafficked goods and the
grey market
A grey market or dark market (sometimes confused with the similar term " parallel market") is the trade of a commodity through distribution channels that are not authorized by the original manufacturer or trade mark proprietor. Grey market pr ...
, in which commodities are distributed through channels which, while legal, are unofficial, unauthorized, or unintended by the original manufacturer. It is also sometimes distinguished from the pink market of state-sanctioned, but immoral activities, such as
wars of aggression, and the red market of immoral activities banned by the state.
See also
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Black market
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Clearnet
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Counter-economics
Counter-economics is an economic theory and revolutionary method consisting of direct action carried out through the black market or the gray market. As a term, it was originally used by American libertarian activists and theorists Samuel Edward ...
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Grey market
A grey market or dark market (sometimes confused with the similar term " parallel market") is the trade of a commodity through distribution channels that are not authorized by the original manufacturer or trade mark proprietor. Grey market pr ...
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Informal sector
An informal economy (informal sector or grey economy) is the part of any economy that is neither taxed nor monitored by any form of government.
Although the informal sector makes up a significant portion of the economies in developing countrie ...
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Surface web
References
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Libertarian terms
Libertarian theory
Market (economics)
Free market