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)

    Men will not give up their privilege of helplessness without a struggle. The average man has a carefully cultivated ignorance about household matters—from what to do with the crumbs to the grocer’s telephone number—a sort of cheerful inefficiency which protects him better than the reputation for having a violent temper.
    Crystal Eastman (1881–1928)

    Now, as always, the most automated appliance in a household is the mother.
    Beverly Jones (b. 1927)