Meaning & Definition of word "Household"

noun:

• 1. A group of people living together in a single dwelling, typically sharing domestic responsibilities and resources.
  • Example: The household consists of four members: a mother, a father, and two children.
• 2. The people living in a single home or dwelling.
  • Example: The household was busy preparing for the holiday celebrations.
• 3. All the items necessary for daily living, such as furniture, appliances, and supplies, found in a home.
  • Example: They spent a lot of money on household goods after moving into their new apartment.
• 4. An economic entity, often used in statistics to refer to the unit of consumption in an economy.
  • Example: The survey gathered data on household incomes and spending habits.