What is another word for gray markets?
Pronunciation: [ɡɹˈe͡ɪ mˈɑːkɪts] (IPA) 
Gray markets refer to the unofficial trading of goods that fall outside of the manufacturer's intended distribution network or geographic boundaries. Some alternative words for gray markets are parallel markets, underground markets, black markets, shadow markets, and unregulated markets. These markets operate mainly in areas where demand for a particular product exceeds the authorized supply, resulting in a higher price for these products. Gray market activities can be legal or illegal, depending on the jurisdiction and the products involved. Manufacturers are often concerned about the impact on their revenue and brand image from gray markets and take measures to control them, often through legal action against distributors or resellers in violation of their distribution agreements.
