week 6

Profit and loss

micro-society

First we discussed what profit and loss meant. Profit means when you earn more than you spend

and loss means when you spend more than you earn. After we talked about it our teacher, Mr

Torres, read us a story about a family which were poor and how they made from loss to profit.

They sold loads of ropes and so there demand was very high and it went to low.

We thought about what that meant for our business and Deran and my demand was 0 at all times

but luckily Deran became judge and i earned 150s by playing Patricks game.

Finally we watched a short video on the elections. Mostly every one wanted Labour to win in

our class. There were loads of groups and some were Labour,Conservatives, Green party and Ukip. They were very different from our first election which was a running race. I hope

Labour win.