The household (HH; oikos ancient Greek: οἶκος, plural: οἶκοι) is "the basic residential unit in which economic production, consumption, inheritance, child rearing, and shelter are organized and carried out"; "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. In reality, there is not always a one-to-one relationship between households and families.
Read more about Household: Government, Economic Theories, Social, Household Models, Historical Households, Historical Statistics On Housing
Famous quotes containing the word household:
“has Nature shown
her household books to you, daughter-in-law,
that her sons never saw?”
—Adrienne Rich (b. 1929)
“Then, though I prize my friends, I cannot afford to talk with them and study their visions, lest I lose my own. It would indeed give me a certain household joy to quit this lofty seeking, this spiritual astronomy, or search of stars, and come down to warm sympathies with you; but then I know well I shall mourn always the vanishing of my mighty gods.”
—Ralph Waldo Emerson (1803–1882)
“When it comes to housework the one thing no book of household management can ever tell you is how to begin. Or maybe I mean why.”
—Katharine Whitehorn (b. 1926)