microsociety blog 2

luca jayasingha

week 6

sadly, we had missed about 2 lessons of microsociety so that was not great but i still have to write a blog. so first we discussed what profit and loss meant. profit meant you are making more money than you spend and loss means you are making less money than you spend. then, we discussed what this might mean for our companies. me and my two friends decided that if we were in loss we would have to cut back on our spendings and if we were making profit we could spend a bit more. after that, we watched a short video about the general election, it told us a lot more than we already knew about the election. finally, we got to the best bit of microsociety, trading. so me and my 2 friends started to set up our business which is a place where you can go to play monopoly or scrabble but that wasn't getting much money for us so we started doing a table tennis thing so you would pay 5 alpha cents (our currency) ad we payed 5 alpha cents and whoever won got 10 alpha cents so that worked out quite nicely for us, but we only made 10 alpha cents that lesson so it wasn't all that great.