Households
Households are fundamental social and economic units comprising one or more people who occupy a housing unit and share living arrangements. The term is used in social science and statistics to describe the group that makes shared decisions about purchases, meals, housing, and resource use, regardless of family status. A household may consist of a single person living alone or several unrelated individuals living together; it is distinguished from the dwelling, which is the physical structure.
In economic terms, households are the primary unit of private consumption and can be a source of
Households vary in size and composition, from one-person households to large multi-person households. They may be
Formation and dissolution of households are affected by life events (marriage, birth, divorce, migration, aging). Global
Because households determine consumption, housing demand, and welfare needs, they are central to governmental planning and