Family economics

Rarity: Common

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At a glance

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Notion

Domain

Science and technology

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What Wikipedia says

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.

Excerpt from the Wikipedia article “Family economics”, under the CC BY-SA 4.0 license. Read the article on Wikipedia