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The family was also important because birth, family ties, and local custom determined economic status in communities. [2] They describe the family as a "productive unit" and state that physical strength was an essential element in survival. [2] The family economic unit has always been dependent on specialized labor done by family
An American nuclear family composed of the mother, father, and their children, c. 1955 A nuclear family (also known as an elementary family, atomic family or conjugal family) is a family group consisting of parents and their children (one or more), typically living in one home residence.
Family economics applies economic concepts such as production, division of labor, distribution, and decision making to the family. It is used to explain outcomes unique to family—such as marriage, the decision to have children, fertility, time devoted to domestic production, and dowry payments using economic analysis.
A group of relatives, all of whom shared independently and in common a single unit of family property, was known as örehe. The senior male, who had authority over this group, managed the family property and made any necessary division of property. Family property was normally transferred to sons by a combination of both division and inheritance.
As the basic unit for raising children, Anthropologists most generally classify family organization as matrifocal (a mother and her children); conjugal (a husband, his wife, and children; also called nuclear family); avuncular (a brother, his sister, and her children); or extended family in which parents and children co-reside with other ...
The family is also an important economic unit studied in family economics. The word "families" can be used metaphorically to create more inclusive categories such as community , nationhood , and global village .
The household is the basic unit of analysis in many social, microeconomic and government models, and is important to economics and inheritance. [ 2 ] Household models include families, blended families , shared housing , group homes , boarding houses , houses of multiple occupancy (UK), and single room occupancy (US).
Pages in category "Family economics" The following 45 pages are in this category, out of 45 total. This list may not reflect recent changes. ...