What do you understand by the term “Household”? in economics
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The household is the basic unit of analysis in many social, microeconomic and government models. ... 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.
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The household is the basic unit of analysis in many social, microeconomic and government models. ... 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.
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