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SCIENTIFIC METHOD
Lesson 2 - Page 2

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Money, Money
from the musical: Cabaret

Money makes the world go around,
the world go around, the world go around,
Money makes the world go around,
it makes the world go round.

A mark, a yen, a buck or a pound,
a buck or a pound, a buck or a pound,
Is all that makes the world go around,
that clinking clanking sound,
Can make the world go round.

This lab has to do with money.  Money is just a number that allows trade.    Money is a symbol (numeral) that represents the value of goods and services.  It allows a medium of exchange, a way to count by comparison, and a way to store values.   Money is an important way in order to trade from one person to another as well as one country to another.  It allows for standardization so it is easy for a consumer to determine a cost per item. 

Money is also a way to guide economists to determine the purchasing power.  The less money you spend on a product the more money you have to purchase more.  Economists are mathematicians that use addition, subtraction, multiplication and division of assets.  They look at many factors (just like any researcher) to determine the price of products.  It is up to the consumer to determine if the product is the best value for the price.  The only way to figure that out is by math.

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