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!