Class 3 – Profit and Loss

Attached is Class 3 of the program to teach capitalism to Urban Youth, the Profit and Loss Statement. This is the class about the numbers, the tools a Capitalist uses to decide whether or not to do something. For many of us, calculating costs and benefits is second nature – we do a mini profit and loss statement in our minds without thinking about it.  But like anything else, it is a learned habit – somewhere in our past we listened as a parent or mentor went through the financial calculations to evaluate different options.  We did our own first calculations, and remember the sense of satisfaction of figuring out the right answer.  Some kids growing up in an economically challenged neighborhoods lack the role models to teach them this skill. They don’t get exposed to profit and loss statements or the mini-calculations that a lot of us take for granted.  Class 3 Profit and Loss

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