Microsociety Journal

Week 6 + 7 - Profit and loss - Supply and demand

This week in Microsociety we disscused what was meant by profit and loss.Profit is like how much savings you have got like your money.Loss is like how much money you have loss.

We then watch a video explaing about loss and profit.

After that we tried to work out if our company had made a profit or loss.And our store was in the middle.

Then we tried to keep up with our company ledger which is a sales sheet up to date.

Then we did the fun bit. We had some time for trading!

We then looked at what supply and demand meant.

Lastly we tried to work out if we were making a profit in our business.