This week in Economics was busy,  we covered a new concept of the US Free Enterprise system, Profit incentives, which is pretty much any factor (financial or non-financial) that enables or motivates a particular course of action. And due to some technological errors, we got to watch a documentary on the history and growth of McDonald's, which was very interesting and covered the economic side to its success. But probably the biggest thing we did was go into detail about the circular flow model, which is a diagram that shows the process of goods, services, and exchange of money through businesses and individuals. We then applied this to our own little town of Weserville. We got into groups and proposed business ideas to the class about what we think this town needs to gain economic success, we haven't chosen a course of action yet, but it the end 3 proposed businesses will be approved to start up in our town. My groups opinion was that we should go big, and rent out warehouses to big businesses to make their product, with our town as a labor force. We thought this would be a great idea because it is completely realistic, and would solve many of the people's problems. It would create jobs, the jobs don't require a lot of experience, and little training would be needed. Actually practicing will all these concepts that are being thrown our way is probably the best way to learn them, learn it by doing it. Anyway, further updates will be provided in the future, enjoy the rest of the week.