244,429 views
2 votes
2 votes
Households example in economics.

User Abul
by
2.8k points

1 Answer

7 votes
7 votes

Answer:

Household production occurs when the household provides both its own capital and its own labor. However, the market can provide either one or both of these two factors of production. For example a housekeeper could be employed to prepare meals, clean the house and do the laundry.

You can write this shortly!!

Hope it helps you kenzee !!

User Rohan Deshpande
by
2.8k points