Things can be auctioned on Taobao. Online auction is a market economy process that takes the Internet as the platform and competitive price as the core, establishes a communication and interaction mechanism between producers and consumers, and jointly decides the price and quantity, so as to achieve a balanced market economy. The so-called online AuctionOnline refers to the price negotiation and trading activities carried out through the Internet, that is, the information of the goods or services to be tendered is publicly released on the website by using the Internet and sold to the bidder with the highest or lowest bid through bidding. Its essence is a market economy process with competitive price as the core, establishing a communication and interaction mechanism between producers and consumers, and jointly determining prices and quantities, so as to achieve balance.
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