Bellwrite #25: How does Walmart decide how many pumpkins to order each year? How do farms know how many to produce? Who decides how many pumpkin farms there will be?
We played a simulation game today to help us understand how and why market economies are more responsive to customers (demand), than command economies.
I also shared some information on the significance of Martin Luther choosing the date of Oct. 31, 1517 to post his 95 Theses on the church door in Wittenberg, Germany. Students who are absent will need to get notes from a friend.
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