HI! So this term we will still be bloging which great beacause I can tell you guys about everything thats happing in micrososciety. This week we discussed what profit and loss means, some of you might know what these words mean, but for those of you who don't know profit means it's when you make more than you spent on making your company and bringing things in and loss means when you make less than you spent.We then tried to work out if our company had made a profit or loss ,which didn't take very long.

Obviously it wouldn't be microsociety without trading, so we got to do that.After we looked at the concept of supply and demand.It is when you have enough supply to reach your demand.We also had to fill in these sheets as a group to say how much money we earned and where are business started off and where it is now.I hope you enjoyed todays blog see you next week:)

MICROSOCIETY WEEK 6 AND 7