Monopoly Friday

In Econ we started the week talk notes. The notes were really helpful. But the test was hard. It felt like all the answers could be right. Idk but I did get the circular flow chart right with very thing in the middle. Now it's Friday and we are playing monopoly and life. I'm stocked👌👌 please leave comments thanks bye😍

Waffle fun Friday

This week in economics we watched a movie about how walmart was tryin to go into this small town called Ashlyn. It really showed the super strength Walmart is in our nation. While I also watched a walmart movie in religion. That movie was bashing walmart and telling us how bad of a company it is. So I didn't know how to take this. We were discussing on what we wanted in the town. I just didn't know what way to lean toward. It was a hard choice but I chose to have Weserville build a walmart. I don't like walmart ethics but for Weserville it was a good thing for the town. And tomorrow we are having waffles tomorrow in class give that some comments please🙌🙌

Economics 101

In the economic world I learned about the circular flow chart. The circular flow chart makes out world and our community. It's a quite beautiful creature. It really helps explains the market today. The person is offering there labor which is a factor. The businesses need that labor to produce the product which is sold back to the individual. It's awesome. The money goes the opposite way. The individual buys the products and that goes to the business to pay for the labor and it goes back to the individual. That's what I learned this week! Cya world ☺️

I learned interesting things this week about Karl Marx and Adam Smith. They share some ideas but both of their ideas have completely different meanings. Adam Smith main idea is capitalism where the consumers rule the economy. Karl Marx is communism where the government rules the economy and makes the social classes fair. I have to agree with m,y boy Adam Smith. I just love the idea of a free market. It's the people job to run the economy.  I just love those guys visiting Weserville.

I got j's on my feet! How is the world doing today??