Saturday 10 May 2014

What we did in micro society

Yesterday during micro society we went and traded in Awesomainia. We were given a new currency that was counters worth ten awsomes. Some of the businesses had scarcity so inflation was involved. Some of the businesses had high supply and low demand. And some were the other way round.

 What does trade mean ? 
What does supply mean ? 
What does demand mean ?
What does inflation mean?

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