Outrageously Funny Word Dictionary :: Bidders

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What is the definition of bidders? 🙋

👉 In the context of economics, a bidder is an individual who is willing to bid for a good or service at a price determined by market forces. They are typically active participants in the auction process and have a stake in the outcome of the bidding process. Bidders can be classified into two main categories: primary (individual) and secondary (business). Primary bidders include individuals, while secondary bidders include organizations or businesses.


bidders

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