household

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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 ?
In this regard experience, age, gender and employment status of the head of the household are important.
The head of the household is just a poor single mother with a very low salary who is struggling to get by and unable to find another job.
First impressions are that under that buff physique are some strong comedy bones and, while Samberg is definitely a loss, Lautner's character represents an opportunity to take the show in a new direction and provide Greg Davies, who plays head of the household Ken, with another noodle-brain to bash heads with.
The basic technique is to ask the head of the household to point to where the family belongs on a card with the word "mahirap" on one end, separated by a line from the words "hindi mahirap" on the other end.
It was the duty of the head of the household (as he was known then) to drive the women to the vegetable market or to the other side of my small suburban town, where you could feast on kebabs and kulcha (a soft hand-made round bread).
After adjusting for the other variables, two factors independently and statistically predicted sleep problems: current smoking and working night shifts by the head of the household.
Prudential, which used Office for National Statistics (ONS) family spending figures as a base for its calculations, found that over the course of someone's lifetime, the squeeze is at its worst when the head of the household is aged between 30 and 49.
Domestic discipline is the practice between two consenting life partners in which the head of the household (HoH) takes he necessary measures to achieve a healthy relationship dynamic; the necessary measure to create a healthy home environmental and the necessary measures to protect all members of the family from dangerous or detrimental outcomes by punishing the contributing, and thus unwanted, behaviors for the greater good of the family.
The woman was the head of the household and ruled the farm.
Many countries across Africa, including the Ivory Coast, recognise that husband as the sole head of the household and family, and responsible for all major decisions.
The independent Electoral Commission called for reforms to end the practice of the head of the household filling in a form to register everyone living in a property.
head of the household after the death of his father.