Microeconomics (MindTap Course List)
Microeconomics (MindTap Course List)
10th Edition
ISBN: 9781285859484
Author: William Boyes, Michael Melvin
Publisher: Cengage Learning
Question
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Chapter 4, Problem 1E
To determine

Whether a family is a household or household is a family

Expert Solution & Answer
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Answer to Problem 1E

According to the U.S. Census Bureau definition, a family and a household are not the same thing. A household is a broader concept than a family. There can be a family household or a non-family household.

Explanation of Solution

A household is a concept where a single or multiple number of people occupy a housing unit. All households need not be a family. It may be a cluster of single or unrelated people living at one place. A family, on the other hand, is a place where people are related to each other either by birth or marriage, or adoption. A family may also contain unrelated people.

Economics Concept Introduction

Concept Introduction:

Household − One or more people occupying a housing unit comprises a household.

Family − Two or more individuals who are connected by birth, adoption or marriage, constitutes a family. Although, they may also include other unrelated people.

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