White market

The white market, in libertarian economic theory, is the legal, official, authorized, or intended market for goods and services. It is distinct from the black market of illegally trafficked goods and the gray market, 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. The white market in some goods, such as adoption of children, has been criticized as being inefficient due to government regulation. The New Libertarian Manifesto states: