Micro-society

Week 6+7 Profit and loss - Supply and Demand

This particular week, was very busy because we had more customers ordering more things than we expected. And our money went lower. We discussed what it was meant by 'Profit Loss' and watched a video explaining more about it. Here is the link if you are interested:

https://www.youtube.com/watch?v=ulpX3jX UTO

We also tried to work out if our company had made a profit loss.

We tried to keep out company ledger (sales sheet) up to date. We also managed to find time to

trade as well. We looked at the concept of supply and demand. Furthermore, we traded to work out if we are making a profit.

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