AUCTIONS AND E-COMMERCE |
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An auction is the process of buying and selling things by offering them up for bid, taking bids, and then selling the item to the highest bidder. Auctioning can be traced as far back as 500 B.C.[1] In economic theory, an auction is a method for determining the value of a commodity that has an undetermined or variable price. Auctions can be with reserve or minimum, or without minimums, or absolute or no reserve. In reserve auctions, there is a minimum bid or reserve price; if the bidding does not reach the minimum, there is no sale (but the person who puts the item up for auction may still owe a fee to the auctioneer or auction company). In absolute or no reserve auctions, the sale is guaranteed, with only the price left to be determined. In the context of auctions, a bid is an offered price.
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FOREST PRODUCTS |
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Forest Products - Logging, Logging Rights, Clear cutting, wood pulp, paper industry, US Forestry Service.
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FORESTRY |
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Forestry is the art, science, and practice of studying and managing forests and plantations, and related natural resources. Silviculture, a related science, involves the growing and tending of trees and forests. Modern forestry generally concerns itself with assisting forests to provide timber as raw material for wood products; wildlife habitat; natural water quality regulation; recreation; landscape and community protection; employment; aesthetically appealing landscapes; and a 'sink' for atmospheric carbon dioxide. A practitioner of forestry is known as a forester.
Forests have come to be seen as one of the most important components of the biosphere, and foresty has emerged as a vital field of science, applied art, and technology.
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WOOD SCIENCE |
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Wood Science is to advance and encourage the scientific, technical, practical and general knowledge of timber and wood based materials.
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