Communism, socialism, and capitalism

Communism chooses what you are good at and what you will study and all schools are public and uniform. Socialism, similarly, forces one into a solid 11ish years of education. However the government does not choose what you will study. There are public schools and private schools, depending on what you want to pay for. Capitalism and socialism are similar in the fact that you have a fair amount of choice when it comes to education. Capitalism is all freedom. You dont ever have to go to school because there needs to be an unskilled labor force. Schools are all private.

Raise minimum wage?

The minimum wage should not be raised. "About 60% of the officially poor don’t work, so the only thing raising the minimum wage does for them is to make it harder for them to get a job if they ever decide they want one." The idea is to lower the amount of people below the poverty line but if those people dont have jobs then it would only make the gap between the rich and the poor even wider. Also, if MW (minimum wage) is raised then widespread inflation will take over. Everything will cost more so nothing is being accomplished other than raising the price for everything. Small businesses also run into the problem of competing with large companies. They cant double what they are paying employees without losing just as much profit. Large businesses run into the problem of cutting low paying jobs. "Economists estimate that each 10 percent rise in the minimum wage leads to a 1 to 2 percent decline in the employment of low-skilled workers." Also, companies wont want to hire people for them to gain experience. If it is a serious financial commitment to hire a 16 year old then that 16 year old isnt going to be hired. "Entry-level jobs give people the chance to develop skills, receive training and prove their value to employers. If a higher minimum wage means fewer people get entry level jobs, then it is also deprives them of the opportunity to work their way into better positions." Kids wont be able to gain the work experience needed to persue a carreer. A teenager trying to find a job will be sucked into a world of employers wanting them to have job experience before being hired but no one will be willing to give them that experience. "But a worker demanding a higher wage is different from a worker proving to his or her employer that his labor is worth more money." People ought to work for their money not automatically start out at a high paying job for doing little. Employers will end up doing away with low paying jobs to save money, causing more unemployment and a wider financial gap between the rich and the poor. 

http://www.entrepreneur.com/article/223662#ixzz2mzmaC9BB

http://www.forbes.com/sites/williamdunkelberg/2012/12/31/why-raising-the-minimum-wage-kills-jobs/

http://www.deseretnews.com/article/865591955/Dont-raise-the-minimum-wage.html

Explanation

When you own a stock, you own a portion of a company. As that stock gains in value, you gain money. When you buy a stock it is considered either a trade or investment. A trade is short term buy. You are waiting for a specific even that will make that stocks value spike up quickly. This event is called a catalyst. An investment is a long term buy. Investments are made when you let a stock appreciate over a 10 to 15 year length of time. Over this time you get paid small portions of money for owning that company's stock. This is called a dividend.

lemonade stand game

Cup (1)-0.03

2.92/100=.0292

Sugar (1 tbsp)-.005

3.46/48=.07 (per cup)

.07/16=.005

Lemons (3)-0.16

4.08/75=.05

.05(3)=.16

Ice Cubes (9)-.06

3.54/500=.007

.007(9)=.06

TOTAL: 0.25

0.06+0.16+.005+0.03= 0.255

variables change. Weather is one of the biggest variables.
constants stay the same the whole time. When serving lemonade cups are always needed.
Perishables are things like ice cubes and lemons. these both go bad/ melt after a certain period of time.
 

What I got from this is that business changes. certain things will stay the same but you have to cater to other peoples needs. you have to learn from your mistakes and you have to learn what people are looking for in order to be successful.

lemonade stand game

Cup (1)-0.03

2.92/100=.0292

Sugar (1 tbsp)-.005

3.46/48=.07 (per cup)

.07/16=.005

Lemons (3)-0.16

4.08/75=.05

.05(3)=.16

Ice Cubes (9)-.06

3.54/500=.007

.007(9)=.06

TOTAL: 0.25

0.06+0.16+.005+0.03= 0.255