Black market deals with the counterfeit or stolen items which are sold in the market illegally. Grey market usually deals with the genuine goods that are sold and bought through the unauthorized channel of...

The Euro is the official currency of the Eurozone. It is also the currency used by the Institutions of the European Union. The US Dollar, on the other hand, is the official currency of the United States and...

The rich have money and wealth; hence they can afford to spend frivolously other than spending on their basic needs, such as food, clothing and shelter. The poor on the other hand lack money and hence struggle...