Saturday 10 May 2014

Micro society

During micro society, we are learning all sorts of vocabulary words such as  scarcity,application and lots others but the main words we were looking at was inflation and recession.inflation
means when the value of something gets higher and higher and recession means when the price of something gets to high that the Value of that thing gets lower and lower.


There are lots of other words but here are some questions about what I have talked about.

What does recession mean?

What does inflation mean?

This is a question we haven't talked about what does trade mean?

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