News tagged with households
The household is "the basic residential unit in which economic production, consumption, inheritance, child rearing, and shelter are organized and carried out"; [the household] "may or may not be synonymous with family".
The household is the basic unit of analysis in many social, microeconomic and government models. The term refers to all individuals who live in the same dwelling.
In economics, a household is a person or a group of people living in the same residence.
Most economic models do not address whether the members of a household are a family in the traditional sense. Government and policy discussions often treat the terms household and family as synonymous, especially in western societies where the nuclear family has become the most common family structure.[dubious – discuss] In reality, there is not always a one-to-one relationship between households and families.