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Auctions In Ancient Greece
Auctions in ancient Greece were are events in which goods were sold through an open bidding process between multiple buyers, the highest bidder receiving the goods. In a public auction, goods belonging to the state were sold, whereas private auctions sold goods belonging to individuals and identity of the seller was private. Goods that were often sold at auction include, land, the ability to collect taxes, slaves, seized goods, and inheritances. Auctions have progressed to the exciting event we know today from a very long history that started in ancient Greece. Private and public auctions There were two types of auctions in Ancient Greece. In a public auction, goods belonging to the government were sold and the identity of the seller was made public. These auctions also organized by public officials. Sometimes these officials were more closely affiliated to the military, and sometimes they were civil authorities. Public auctions were often used as a quick and easy way to raise ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Auction
An auction is usually a process of buying and selling goods or services by offering them up for bids, taking bids, and then selling the item to the highest bidder or buying the item from the lowest bidder. Some exceptions to this definition exist and are described in the section about different types. The branch of economic theory dealing with auction types and participants' behavior in auctions is called auction theory. The open ascending price auction is arguably the most common form of auction and has been used throughout history. Participants bid openly against one another, with each subsequent bid being higher than the previous bid. An auctioneer may announce prices, while bidders submit bids vocally or electronically. Auctions are applied for trade in diverse contexts. These contexts include antiques, paintings, rare collectibles, expensive wines, commodities, livestock, radio spectrum, used cars, real estate, online advertising, vacation packages, emission trading, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Auction
In public relations and communication science, publics are groups of individual people, and the public (a.k.a. the general public) is the totality of such groupings. This is a different concept to the sociological concept of the ''Öffentlichkeit'' or public sphere. The concept of a public has also been defined in political science, psychology, marketing, and advertising. In public relations and communication science, it is one of the more ambiguous concepts in the field. Although it has definitions in the theory of the field that have been formulated from the early 20th century onwards, and suffered more recent years from being blurred, as a result of conflation of the idea of a public with the notions of audience, market segment, community, constituency, and stakeholder. Etymology and definitions The name "public" originates with the Latin '' publicus'' (also '' poplicus''), from ''populus'', to the English word 'populace', and in general denotes some mass population ("the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Farming
Farming or tax-farming is a technique of financial management in which the management of a variable revenue stream is assigned by legal contract to a third party and the holder of the revenue stream receives fixed periodic rents from the contractor. It is most commonly used in public finance, where governments (the lessors) lease or assign the right to collect and retain the whole of the tax revenue to a private financier (the farmer), who is charged with paying fixed sums (sometimes called "rents", but with a different meaning from the common modern term) into the treasury. Sometimes, as in the case of Miguel de Cervantes, the tax farmer was a government employee, paid a salary, and all money collected went to the government. Farming in this sense has nothing to do with agriculture, other than in a metaphorical sense. Etymology There are two possible origins for ''farm''. Derivation from classical Latin Some sources derive "farm" with its French version ''ferme'', most notab ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking In Ancient Rome
In ancient Rome there were a variety of officials tasked with banking. These were the ''argentarii'', ''mensarii'', ''coactores'', and ''nummulari''. The ''argentarii'' were money changers. The role of the ''mensarii'' was to help people through economic hardships, the ''coactores'' were hired to collect money and give it to their employer, and the ''nummulari'' minted and tested currency. They offered credit systems and loans. Between 260 and the fourth century CE Roman bankers disappear from the historical record, likely because of economic difficulties caused by the debasement of the currency. History The earliest banks in ancient Rome were located in temples. They would charge interest on loans, exchange money, and track their finances through written records. Due to the piety of the officials and employees of these temples, the upper class of ancient Rome trusted these places to protect and hold their wealth. Typically, their money was stored in multiple temples. This pra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Ancient Greece
The economy of ancient Greece was defined largely by the region's dependence on imported goods. As a result of the poor quality of Greece's soil, agricultural trade was of particular importance. The impact of limited crop production was somewhat offset by Greece's paramount location, as its position in the Mediterranean gave its provinces control over some of Egypt's most crucial seaports and trade routes. Beginning in the 6th century BC, trade craftsmanship and commerce, principally maritime, became pivotal aspects of Greek economic output. Agriculture Greek soil has been likened to "stinginess" or "tightness" (Ancient Greek: ''stenokhôría'', ) which helps explain Greek colonialism and the importance of the cleruchies of Asia Minor in controlling the supply of wheat. The olive tree and grapevine, as well as orchards, were complemented by the cultivation of herbs, vegetables, and oil-producing plants. Husbandry was badly developed due to a lack of available land. Sheep and g ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
