household


Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Idioms, Encyclopedia, Wikipedia.
Related to household: Household Expenses

household

a group of individuals whose economic decision-making is interrelated. In economic theory, households perform two roles. On the one hand, they enter the market place as buyers or CONSUMERS of goods and services produced by firms; on the other hand, they provide FACTOR INPUTS to firms in order to produce those goods and services. The term ‘households’ is used primarily in macro- (national income) analysis, while the term ‘consumers’ is used in micro- (supply and demand) analysis. See CIRCULAR FLOW OF NATIONAL INCOME MODEL, PERSONAL SECTOR.
References in periodicals archive ?
Although SARS is the most recent example of an emerging disease for which quarantine was implemented, the potential for household transmission through pets should be considered in any new disease when information is incomplete regarding potential hosts and the risk for interspecies transmission.
The ABS Survey of Income and Housing showed that in 2011-12 the average Australian household had a weekly disposable household income of $918 and received their main income from wages and salaries.
For the colonial period, this allows Shammas to consider not only the distinctions between different European nations' influence on their respective colonial household legal systems, but also shifts slightly how we think about European critiques of Indian household organization, especially related to matrilneality.
The study group looked at the characteristics of the index case and physical dwelling place, and the health status and behaviours of individual household members during the period of interest.
Dunlap, Golub, & Johnson (2004) found that social fathers tended to practice an authoritarian parenting style sustained by severe violence, and that they often sexually assaulted the girls in the household.
The condition "food insecure with hunger" means that at times during the year, one or more household members were hungry because of insufficient money and other resources for food.
Though the end of the bubble era in 1990 hobbled corporations and paralyzed financial institutions, household savings were relatively unscathed.
At her employer's health benefits Web site she opens a household planning toolbox and custom builds a health plan for the next year.
The introduction is solidly historicized, though I am uneasy about "the housewife's emerging role as a keeper and caretaker of household stuff" (12).
Household incomes, too, varied widely around the city median of $36,687.
The investigators used public property tax records to find the parcel identification number (PIN) for each case and control household.