Racketeering vs Auction - What's the difference?
racketeering | auction |
The criminal action of being involved in a racket.
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=
As nouns the difference between racketeering and auction
is that racketeering is the criminal action of being involved in a racket while auction is a public event where goods or property are sold to the highest bidder.As verbs the difference between racketeering and auction
is that racketeering is while auction is to sell at an auction.racketeering
English
(wikipedia racketeering)Noun
(en-noun)Verb
(head)References
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.}}