Household

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:

    Except that household virtue, most uncommon,
    Of constancy to a bad, ugly woman.
    George Gordon Noel Byron (1788–1824)

    I am an inveterate homemaker, it is at once my pleasure, my recreation, and my handicap. Were I a man, my books would have been written in leisure, protected by a wife and a secretary and various household officials. As it is, being a woman, my work has had to be done between bouts of homemaking.
    Pearl S. Buck (1892–1973)

    So then you are no longer strangers and aliens, but you are citizens with the saints and also members of the household of God, built upon the foundation of the apostles and prophets, with Christ Jesus himself as the cornerstone. In him the whole structure is joined together and grows into a holy temple in the Lord; in whom you also are built together spiritually into a dwelling place for God.
    Bible: New Testament, Ephesians 2:19-22.