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Auction | |
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About 11 pages (3,357 words) in 6 products |
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Encyclopedia and Summary Information

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Epithets and Terms of Address: Auctioneer
179 words, approx. 1 pages The original meaning of ‘auction’ is ‘to increase, augment’. The auctioneer is one who raises the sale price of an object in stages. His attention is usually gained by some kind of visual signal, but he may be addressed by his...
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Auction : Economics Topics
117 words, approx. 1 pages A type of selling in which a system of bidding determines the price and the successful buyer. WALRAS showed the crucial role of auction models in his discussion of tâtonnement, using the idea of crying out prices to describe the movement of a...
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summary from source:

summary from source:

Auction Information
2,888 words, approx. 10 pages
 An auction is a process of buying and selling goods by offering them up for bid, taking bids, and then selling the item to the winning bidder. In economic theory, an auction is a method for determining the value of a commodity that has an undetermined...


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About 11 pages (3,357 words) in 6 products |
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