Microsociety

This week in microsociety we discussed what profit and loss was. Profit is when when you buy something and then later on you sell it for more money than you have bought it for. Then you have made a profit in your business. Loss is the opposite of profit where you buy something but then sell it for less.

On friday we did trading again and that was really fun. Before we started trading we had to fill in our ledger and make sure it was up to date. we decided that if it wasn't up to date you would have to pay a fine of 10 stoof. My group sold out of comics and then piotr wrote it all down 0n the ledger. This week was really fun!