Business Terms and Jargon Explained

What is Households

Households are individuals or small groups of individuals as consumers. Where the activities of entrepreneurs producing goods and market services cannot be separated, households are treated as a quasi-corporation.

Crown Copyright. Material taken from National Statistics website: www.statistics.gov.uk. Reproduced under the terms and conditions of the Click-Use Licence.

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Term created / updated 2007-01-19 15:11:34

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