as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
describe the difference between hailing a taxi and booking a ride on an app.
user
hailing a taxi is the traditional way of getting a ride, which involves raising your arm on the street and waiting for an available taxi to pull over. booking a ride through an app is a more modern way that involves using a mobile application to find a nearby driver and book a ride. the booking method is more convenient and efficient than hailing a taxi as it allows you to enter your desired pickup and drop off location, choose a vehicle type, and pay in advance.
assistant