Question
Explain the significance of E-auction.
Answer :
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Skip in 10
E-auction, or electronic auction, is an online platform where buyers and sellers participate in a bidding process to buy or sell goods and services. It has gained significant traction due to the rise of e-commerce, as it provides a transparent, efficient, and accessible way for transactions to occur.
The significance of e-auction lies in its ability to bring together buyers and sellers from different geographical locations, breaking down traditional market boundaries. This wide reach makes it
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