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Who are households? - Economics

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Question

Who are households?

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Solution

Consumers are the persons (individuals, households or institutions) who purchase goods or services for the purpose of consumption.

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Chapter 2: Basic Economic Entities in an Economy - QUESTIONS [Page 23]

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J. P. Goel and Kaushal Goel Economics [English] Class 9 ICSE
Chapter 2 Basic Economic Entities in an Economy
QUESTIONS | Q 3. | Page 23
J. P. Goel and Kaushal Goel Economics [English] Class 9 ICSE
Chapter 2 Basic Economic Entities in an Economy
QUESTION BANK | Q 4. | Page 24
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