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)

    Thus your fathers were made
    Fellow citizens of the saints, of the household of GOD, being built upon the foundation
    Of apostles and prophets, Christ Jesus Himself the chief cornerstone.
    But you, have you built well, that you now sit helpless in a ruined house?
    —T.S. (Thomas Stearns)

    Compared to other parents, remarried parents seem more desirous of their child’s approval, more alert to the child’s emotional state, and more sensitive in their parent-child relations. Perhaps this is the result of heightened empathy for the child’s suffering, perhaps it is a guilt reaction; in either case, it gives the child a potent weapon—the power to disrupt the new household and come between parent and the new spouse.
    Letty Cottin Pogrebin (20th century)