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legal market

[/ˈliːɡəl ˈmɑːrkɪt/]
nounpl: legal markets
mercado legal
1. A market where goods and services are bought and sold in accordance with laws and regulations; the legitimate economy as opposed to the black market or underground economy
The company operates exclusively in the legal market, following all government regulations.
A empresa opera exclusivamente no mercado legal, seguindo todas as regulamentações governamentais.
2. The authorized and regulated sector of commerce within a jurisdiction
Transitioning from the illegal to the legal market requires proper licensing.
A transição do mercado ilegal para o mercado legal requer licenciamento adequado.
Synonyms
legitimate marketregulated marketformal economylawful marketauthorized market
Antonyms
black marketunderground economyillegal marketinformal marketshadow economy

Regional Variations

General Brazilian
mercado legal
Standard term used throughout Brazil
São Paulo
mercado legal
Commonly used in business and financial contexts
Portugal
mercado legal
Used in EU regulatory and commercial contexts

Related Idioms & Phrases

above board
on the up and up
above-the-counter
stay within the law
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