Auction vs Market - What's the difference?
auction | market |
A public event where goods or property are sold to the highest bidder.
*{{quote-magazine, date=2014-07-12, volume=412, issue=8895, magazine=(The Economist)
, title= City square or other fairly spacious site where traders set up stalls and buyers browse the merchandise.
* {{quote-book, year=1963, author=(Margery Allingham), title=(The China Governess)
, chapter=Foreword * {{quote-magazine, date=2013-07-26, author=
, volume=189, issue=7, page=32, magazine=(The Guardian Weekly)
, title= An organised, often periodic, trading event at such site.
* Definition used by famous economist of the Austrian school, Ludwig Von Mises, in his book
A group of potential customers for one's product.
* (John Stuart Mill) (1608-1674)
A geographical area where a certain commercial demand exists.
A formally organized, sometimes monopolistic, system of trading in specified goods or effects.
*{{quote-magazine, date=2014-03-15, volume=410, issue=8878, magazine=(The Economist)
, title= The sum total traded in a process of individuals trading for certain commodities.
(label) The price for which a thing is sold in a market; hence, value; worth.
* (William Shakespeare) (1564-1616)
To make (products or services) available for sale and promote them.
To sell
To deal in a market; to buy or sell; to make bargains for provisions or goods.
As nouns the difference between auction and market
is that auction is a public event where goods or property are sold to the highest bidder while market is .As a verb auction
is to sell at an auction.auction
English
(wikipedia auction)Noun
(en noun)Competition, hammered, passage=Auctions' come in a wide variety. In a “Dutch '''auction'''”, often used to sell flowers and fruit, prices start high and gradually drop until a bidder is willing to pay up. A “Japanese '''auction'''” is a bit like poker: bids rise with each round and anyone who wants to win must bid every time. Vendors using ' auctions rid themselves of the headache of choosing prices and instead just pick the rules bidders must follow.}}
Synonyms
* roup saleDerived terms
{{der3, auctionable , auction house , auctionlike , Dutch auction , Vickrey auction , silent auction}}Derived terms
* auctioneer * auction offSee also
* bid * bidderAnagrams
*market
English
(wikipedia market)Noun
(en noun)citation, passage=‘I understand that the district was considered a sort of sanctuary,’ the Chief was saying. ‘ […] They tell me there was a recognized swag market down here.’}}
Nick Miroff
Mexico gets a taste for eating insects …, passage=The San Juan market is Mexico City's most famous deli of exotic meats, where an adventurous shopper can hunt down hard-to-find critters such as ostrich, wild boar and crocodile. Only the city zoo offers greater species diversity.}}
Human Action.
- The market is a process, actuated by the interplay of the actions of the various individuals cooperating under the division of labor.
- There is a third thing to be considered: how a market can be created for produce, or how production can be limited to the capacities of the market.
Turn it off, passage=If the takeover is approved, Comcast would control 20 of the top 25 cable markets , […]. Antitrust officials will need to consider Comcast’s status as a monopsony (a buyer with disproportionate power), when it comes to negotiations with programmers, whose channels it pays to carry.}}
- What is a man / If his chief good and market of his time / Be but to sleep and feed?
Synonyms
* bazaar * fair * martDerived terms
* bear market * black market * bull market * commodity market * common market * Common Market * currency market * down-market * drug on the market * fair market value * factor market * farmers market * financial market * flea market * free market * housing market * market basket * market bell * market bubble * market capitalization * market clearing * market correction * market cycle * marketing * market economy * market failure * market garden * market index * market jitters * market maker * market microstructure * market opening * market order * market overhang * marketplace * market portfolio * market price * market research * market return * market risk * market sector * market share * market sweep * market tone * market value * mass-market * mini market * money market * on the market * open market * stock market * supermarket * primary market * product market * secondary market * test-marketVerb
(en verb)- We plan to market an ecology model by next quarter .
- ''We marketed more this quarter already then all last year!