And I mean LITERALLY explain like I’m 5, I literally know nothing of the technical terms and such
In: Economics
Daddy gives you and all your friends Monopoly money. You and all your friends telll all the kids at school how cool and better than real money it is because of all the pretty colours and smaller size. Also it’s all kept track of in a special ledger daddy has. You tell them even though it’s really great you will sell it to them for real money just because stores don’t take Monopoly money yet but soon they will.
They believe you and buy it . Then they go and sell that money to a school a few streets over because they actually want real money again too.
This goes on and on until the last school buys up all the Monopoly money but then the rest of the schools all switched to Monopoly money 2.0 and the last school is holding Monopoly money no one wants and they can’t even get back the real money they payed.
Latest Answers