This week we didn't do any Microsociety; we just talked about our businesses and if they were making a profit or losing money. Profit is the financial gain your business gets over your investments; for example if it cost you £1:00 to make something and you sold it for £1:50, you would have made a profit of 50p. You lose money when you sell something for less that it cost you to make it or buy it; for example if you made something for £1:50 and then sell it for £1:00 you lose 50p.

In class we have also talked about the general election and how it was a hung parliament this meas there is no clear winner and no one party has a majority.