This was our eleventh week of Microsociety and we learnt about auctions. Auctions can happen when loads of people

want to buy a property/item

and the auctioneer (sometimes

the owner) wants to auction

that property/item. They start

at a bidding price that is what

the property's/items real price

is and then the other bidders

bid and the person who has

put the most money on the

property/item wins and the

item/property is his.


Microsociety is coming to an end in 2 weeks and we have got International Trading Week coming up! I am very excited about it! I hope I have enough Microsociety Money so I can enjoy my time in all of the Year Group Classes's businesses!