11.29.21

I will be able to investigate the application of basic economic principles by analyzing the outcomes of a real world simulation of a Coffee Shop. ​

• ​Begin Vocabulary in your notebook on Page 20

• ​Play Coffee Shop

​​On Page 20 in your notebook -

Economy: The way that goods and services are produced and consumed.

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​Consumer: Someone who acquires goods and services for their own personal use.

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​Producer: Someone who makes goods or offers services to consumers.

​Market Economy: System of economy where producers are free to decide what to produce and consumers are free to buy what they want and need.

​Let's put some of these basic principals to work.

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​Click the link below to play Coffee Shop. In this game, you are trying to make a profit selling coffee. Buy your supplies and set your recipe and try to make bank.

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​Link to Coffee Shop Game - https://www.coolmathgames.com/0-coffee-shop

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​Will will play this again a little later in the week as an assignment.