What is the grey market?

Unlike those on the black market, grey market goods are not illegal. Instead, they are being sold outside of normal distribution channels by companies which may have no relationship with the producer of the goods. Frequently this occurs when the price of an item is significantly higher in one country than another; this situation commonly occurs with cigarettes and electronic equipment such as cameras. Entrepreneurs will buy the product where it is available cheaply, often at retail but sometimes at wholesale, import it legally to the target market and sell it at a price which provides a profit but which is below the normal market price there.|||It is a legal but "hazy" market. Usually they purchase products, or legally claim products, that are outdated or discarded for being "substandard". Then the products are resold as "perfectly good and of standard quality". Many hair products are sold this way, as are cosmetics and perfumes. Some clothing is also sold this way, however places like Montgomery Ward make it difficult because they tell you there may be problems and their prices are lower.|||market in whihc stuff is sold without bills......most stuff bought by seller is from illegeal way|||It is easy when we are in prosperity to give advice to the afflicted.