Auctioning is a market mechanism in which goods and services are sold to the highest bidder through a structured and competitive bidding process, often conducted online.
Cap and Trade is an environmental policy approach aimed at reducing pollutants by setting a limit on emissions and allowing companies to trade emissions permits.
An auction system where the price of an item is gradually lowered until it meets a responsive bid and is sold. U.S. Treasury bills are sold under this system, which contrasts with the two-sided or double-auction system used by major stock exchanges.
Market socialism refers to an economic system that combines elements of socialism with market mechanisms, where the government owns the means of production and directs investment, but distributes goods and services according to consumer demand and supply.
