Micro society week 7

Profit and loss/demand and supply

Profit and loss, what is it all about? Profit is when a buisness owner spends less then what they have earnt. Loss is when a owner spends more than what they have earnt. Currently, I am in a loss in my buisness we use cards and play games. I lost 130 scorpios to a customer who played my game also I lost 50 to another customer.

We read a story about The Zoggs and how their buisness,selling ropes, was in high supply and low demand as first as not many people were buying their product. After putting a sale, people bought more and more of their ropes and they started making money, but their supply was getting lower and their demand was getting hire.

As I always say I am looking forward to do more micro society.