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 classic literature ?

I have actually known a case where a Woman has exterminated her whole household, and half an hour afterwards, when her rage was over and the fragments swept away, has asked what has become of her husband and her children.

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Here, cherished like a household saint in its shrine, sat Beth, tranquil and busy as ever, for nothing could change the sweet, unselfish nature, and even while preparing to leave life, she tried to make it happier for those who should remain behind.

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The constructive plan of Malicorne -- for we may well suppose that the combinations of a mind as active as his were not confined to the present, but extended to the future -- the constructive plan of Malicorne, we say, was this: -- To obtain entrance into the household of Madame Henrietta for a woman devoted to himself, who was intelligent, young, handsome, and intriguing; to learn, by means of this woman, all the feminine secrets of the young household, whilst he, Malicorne, and his friend Manicamp, should, between them, know all the male secrets of the young community.

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In those days a boy became a page in a great household very much as he might now become an office-boy in a large merchant's office.

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It seems to me the utmost folly for a woman at the head of a household, and the mother of children, to spend in an atelier days which would be better employed contriving for the comfort of her family.

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She, his Dolly, forever fussing and worrying over household details, and limited in her ideas, as he considered, was sitting perfectly still with the letter in her hand, looking at him with an expression of horror, despair, and indignation.

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We may mention that Gania was no longer mentioned in the Epanchin household any more than the prince was; but that a certain circumstance in connection with the fatal evening at Nastasia's house became known to the general, and, in fact, to all the family the very next day.

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To this household, Your Highness," the detective repeated.

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Here Clare had plenty of space, and could often be heard by the dairy-folk pacing up and down when the household had gone to rest.

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When Pierre had gone and the members of the household met together, they began to express their opinions of him as people always do after a new acquaintance has left, but as seldom happens, no one said anything but what was good of him.

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After having shown the public spirit of this praiseworthy little animal as a member of a community, and his amiable and exemplary conduct as the father of a family, we grieve to record the perils with which he is environed, and the snares set for him and his painstaking household.

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On the household side, chambers of presence and ordinary entertainments, with some bed-chambers; and let all three sides be a double house, without thorough lights on the sides, that you may have rooms from the sun, both for forenoon and afternoon.