household


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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 ?
About 14% of households in the country reported their rent being increased once a year while 12% reported house rent being increased twice a year, according to the Bhutan Living Standards Survey (BLSS) 2017, which was released recently.
In absolute terms, urban households in Sindh stand at 4.
Households that include children, parents and grandparents -- the sandwich generation -- represent 4.
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.
The issue of how to identify family and, by association, household ethnicity has provoked considerable discussion among academics and analysts in New Zealand (for example, see Rochford 1996, Callister 2006, Callister et al.
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.
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.
Additionally, the increasing economic marginality of black men rendered even more of them undesirable as long-term household partners (also see Wilson, 1996).
household to have reported difficulties meeting their food needs.
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.