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Essay / Monopoly Case Study - 1502
Monopoly is the game introduced by Parker Brothers in the United States. This is a classic board game that has been on the market for 100 years. In the monopoly game, players move to buy properties and can expand their properties with houses or hotels. Additionally, players can collect rent from other players for landing on their land. It is a fun game and from this game you can see the people who play the game with the real estate sector. From the monopoly game, many lessons can be applied to the real world in finance and investing. This will also improve understanding of finance and investing. The rules of the monopoly game are first decided by three people: a banker, a property manager and a rules manager. These people will decide that the players will be in charge of all currency, assets such as houses and hotels owned by the bank. The rules official will state the rules before play begins and whenever players make mistakes. Rules officials will always monitor how players play the game and correct them if they have made any mistakes. These three people are also players in the game, but they must keep their currency and properties separate from the currencies and properties owned by the bank. Additionally, every time a player lands or crosses the place marked with a Go, he will earn a salary of RM2,000. To start the game, players must decide who goes first. To do this, they must roll the dice. The player with the highest number will start and the others will follow clockwise. Then, if the player rolls both dice and both dice show the same number, the player must roll the dice again. Additionally, if the player lands on a bard's property, they can purchase the property or leave. It's not...... middle of paper ......e more important than a game. Every day we are here, we have as much control over every financial year. In fact, this will not have control over all unexpected events. This game also teaches inventors to understand how to invest in business. Conclusion According to the monopoly game I played, I learned to be patient and respect other group members. At the same time, everyone has their own strategy on how to win the monopoly game, for example, cashing out a lot of money, investing prudently in real estate, or taking a lot of risks and hoping for a windfall from fate. cards. The reality is that many entrepreneurs got their first experience in real estate and finance playing the world's most popular board game, and many formulate lifelong business philosophies as they learn to balance the skill, luck, competition and social interaction..