Micro-society Week 6 + 7
Profit and Loss
Profit
Profit means the difference between the amount earned and amount spent. It is good to have a profit so you can pay your tax and get things like food (in the real world). Profits are also helpful for getting back the money that is loss.
Loss
Loss means the
amount of money a
business looses. It is
bad to have a loss
because you might
not be able to pay our tax or you might get bankrupt. You must have a profit to have a good life.