MICROSOCIETY

This week in microsociety we talked about what inflation and recession is. Inflation is when prices increase and recession is when businesses close down and people are not buying because people can no longer afford the prices.

We also read the next bit of NOTENUF. In this chapter the family was losing money because the seeds were becoming more common so not eneough people were buying from them and they were becoming less valuable.

On friday we had time to trade and build our busiinesses up. Before that we watched a video about the wall street crash. Now it is called black tuesday in america. Some people even jumped out of windows on skyscrapers because they lost so much money!