"Auctions" refer to a method of trading in which goods or services are publicly offered for sale. Potential buyers bid on the price they are willing to pay, and the item is sold to the highest bidder. Auctions can take place physically in a specific location or online via the internet.
Typical functions of software in the "auctions" domain include:
User management
Item management
Bidding and purchasing
Time-controlled auctions
Payment processing
Rating and feedback system
Customer support
