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This week we learn about trading, loss and profit.

Loss in business is when you spend more money than you earn. On the other hand profit is when all taxes like income tax ,supplies you are still left with some money.

My company made profit even though we had to pay high income tax. I had to deduct expenses things like paper, pencils ,ink from printer.It is important to take timeinto account , I have spent a few evenings projectingand printing my comics.

Trading is hard because you have to convince people to buy things with my suggested price .Not everyone want to pay that amount of money.Youhave to know your product and what your customers are like.Itis tricky because you have to see throughout all possible possibilities. Many other people like new things and my job is to supply them.If would not listen to the demands of my friends I might finish with huge losses.

Microsociety week 5