Microsociety
This week in microsociety we learnt about inflation and recession.
INFLATION:
a general increase in
prices and fall in the
purchasing value of money
.
recession
a period of temporary economic
decline during which trade and
industrial activity are reduced,
generally identified by a fall in
GDP (gross domestic product
in two successive quarters.
We also watched a video about
the wall street crash to help us
understand more about inflation
and recession.
Then we read another part of
the planet notenuf which was
called too many seeds.
AND.... we did some more trading!