Week 6

This week in Microsociety we discussed what the meaning of profit and loss.Now what is profit ? Let me explain. Profit for example is made by the money you start off with and how much you use of it. For example £100 you start off with £40 you use you have got £60 profit. On the hand if it takes £140 you have got £40 loss.Next we worked out if our businesses had made profit or loss . My business had made profit. At the end we had time for trading.