household

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Related to the 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 ?
The household sector in the Palestinian Territory consumed about 17 million cubic meters of water per month (MCM/month) in 2011: 11 MCM/month in the West Bank and 6 MCM/month in the Gaza Strip.
The method we employ to define a Pacific household is to require that at least one of the adults living within the household identifies as Pacific.
Carole Shammas' A History of Household Government in America is a welcome addition to this literature; however, she shifts the focus to the household, defined not as "those persons related to one another by genes or marriage but .
These protocols were developed to decrease the risk of transmitting the SARS coronavirus to persons in the household.
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.
These emergency measures, however, accelerated the already excessive transfer of income from the household sector to the corporate sector, and have stifled a recovery in household consumption.
With the Bush administration's backing, on the last day of 2003 Congress created health savings accounts that shift more discretion and more accountability in health-care finances to the household.
The problem of newness also arises when Korda argues, "The redefinition of the household as a receptacle or repository of goods had a profound impact on the gendered division of labor within the home" (26).
3 million households have at least one wireless phone available to the household.
The male head of the household is involved in making the brand decision in 72 percent of PC purchases, while the female head of the household is involved in 59 percent of these decisions.
Thus, a more effective evaluation of household lead hazards would likely benefit from considering a) lead concentrations and loadings in and around the household environment; b) all isotopic ratios of potential lead sources within that environment; and c) information about behavioral habits, as well as an evaluation of viable pathways of exposure to the child.
If a household member becomes unemployed or if the household size increases during the school year, adjustments can be made by contacting the district Food Services Department.