Household: Difference between revisions

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imported>Doug Williamson
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Latest revision as of 10:23, 3 August 2022

Economics - markets.

A household can be a family or a number of other people (or an individual) living together, usually in a single residence, and sharing certain living expenses.

Contrasted with a commercial business or firm.


Households generally participate as consumers and price takers in retail markets.


See also