Microsociety - Week 6

This week we learnt about the meanings of a profit and loss. So I am guessing that some of you are wondering what that means. Profit: you sell something for a higher price than you bought it for. Loss: you sell something

for less than you bought it for.

We also thought about the fact that we might have to increase the prices of our products to make sure we make a profit.

We also watched a video about the recent general election. Currently, we have a 'Hung Parliament' which means no one is clearly leading our country about of Brexit. Although, Thersea May is still leading our country for now.

I hope next week is here soon.