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In an absolute auction, the highest bid wins the item or real estate, there is no minimum bid requirement. In a confirmation auction the highest bid has to be confirmed/approved by the owner or bank, sometimes also referred to as a reserve price.

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What is the difference between a tender and auction?

what is the difference between an auction and a tender


What are the principles of comparative and absolute advantage and their relevance in the development of third world countries?

what is the difference between capital and current expenditure what is the difference between capital and current expenditure


What is the difference between a reverse auction and a forward auction?

A forward auction is the "ordinary auction" we are all used to today. In a forward auction, the buyer bids on the sellers item, and the prices of the item increases during the auction. On the other hand, a reverse auction switches the roles of the buyer and the seller. In a reverse auction, the sellers are competing for the buyers business, and the prices of the items the sellers are selling decrease during the auction.


Difference between absolute cost advantage theory and comparative cost advantage theory?

absolute cost advantage talks about the efficiency and cheaply a country incure in the production of goods and services against other country whiles comparative advantage talks about the opotunity cost of goods


Difference between absolute advantage and comparative advantage?

There are many similarities and differences between Comparative Advantage and Absolute Advantage. Some simple differences between the two would be, comparative advantage uses the driving force of specialization. Another thing of comparative are, if one country has an absolute advantage or disadvantage in any kind of output, any of the other countries will maybe profit from majoring in and distributing those products. Absolute advantage has a country that economically has a benefit over another, in a precise moral, when it produces that moral at a lower cost. Also a country using the same contribution of properties a country with an absolute advantage will have superior productivity. A few modest similarities between comparative and absolute advantage are, both of these terms are two basic concepts to international trade. Additional details would be the two terms both produce a product more efficiently which gives them an absolute advantage.

Related Questions

What is the difference between a tender and auction?

what is the difference between an auction and a tender


What is the difference between absolute and incremental encoder?

Nothink there is no difference


What is the difference between 0s and 1s?

The absolute difference is 1.


What is the percent difference between 1419 and 1286?

To find the percent difference between two numbers, you first calculate the absolute difference between the two numbers. In this case, the absolute difference between 1419 and 1286 is 133. Next, you divide this absolute difference by the average of the two numbers (1352.5) and multiply by 100 to get the percent difference. Therefore, the percent difference between 1419 and 1286 is approximately 9.82%.


Is there a difference between and auction and a sheriffs sale?

An auction is voluntary. Sherriff's sale follows a seizure of property.


What happens after the foreclosure auction who has to pay the difference between the amount sold at the auction and the difference of the loan?

the lender can seek a deficiency judgment against the homeowner in court


What is the difference between an absolute threshold and a just noticeable difference?

An absolute threshold is the smallest amount of stimulation needed for a sensation to be detected, while a just noticeable difference is the smallest detectable difference between two stimuli. In other words, the absolute threshold is about detecting the presence of a stimulus, while the just noticeable difference is about discriminating between two stimuli.


What is the difference between absolute continuity and differential continuity?

What is the difference between absolute continuity and differential continuity? Do an individual's experiences affect differential continuity? Provide specific examples


What is the difference between differential continuity and absolute continuity?

What is the difference between absolute continuity and differential continuity? Do an individual's experiences affect differential continuity? Provide specific examples


What is the difference between a tax foreclosure auction and a bank foreclosure auction?

One is done by the IRS, and the other is done by your bank.


What is the difference between the absolute value of 4 and the absolute value of 3?

The absolute value of a number is its distance from zero on the number line, regardless of direction. The absolute value of 4 is 4, and the absolute value of 3 is 3. Therefore, the difference between the absolute value of 4 and the absolute value of 3 is 4 - 3, which equals 1.


The---------------between any two points on a number line is the absolute of the difference of the coordinates?

The distance between any two points on a number line is the absolute value of the difference of the coordinates.