HOUSEHOLD EXPENDITURE Meaning and
Definition
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Household expenditure refers to the total amount of money that a family or household spends on various items and services over a specified period. It includes all the financial transactions related to the purchase and consumption of goods, services, and necessities necessary for maintaining a household and its members.
This expenditure encompasses a wide range of categories, such as housing, food, transportation, healthcare, education, utilities, clothing, entertainment, and miscellaneous expenses. Examples of household expenditure can include rent or mortgage payments, groceries, transportation costs, utility bills, health insurance premiums, education fees, clothing purchases, dining out, and recreational activities.
The measurement of household expenditure is crucial in assessing the economic well-being and living standards of households or analyzing national economic trends. It helps individuals and policymakers evaluate spending patterns, save for future expenses, and make informed decisions regarding their finances.
Household expenditure can vary greatly based on the size of the household, income levels, geographical location, cultural factors, and individual preferences. It is influenced by factors such as inflation, changes in personal circumstances, economic conditions, and shifts in societal values. Ultimately, tracking and managing household expenditure is essential for budgeting, financial planning, and maintaining sustainable financial stability within a household.
Common Misspellings for HOUSEHOLD EXPENDITURE
- gousehold expenditure
- bousehold expenditure
- nousehold expenditure
- jousehold expenditure
- uousehold expenditure
- yousehold expenditure
- hiusehold expenditure
- hkusehold expenditure
- hlusehold expenditure
- hpusehold expenditure
- h0usehold expenditure
- h9usehold expenditure
- hoysehold expenditure
- hohsehold expenditure
- hojsehold expenditure
- hoisehold expenditure
- ho8sehold expenditure
- ho7sehold expenditure
- houaehold expenditure
- houzehold expenditure
Etymology of HOUSEHOLD EXPENDITURE
The etymology of the word "household" can be traced back to Middle English, where "house" referred to a building used as a dwelling place and "hold" is derived from the Old English word "haldan", meaning "to possess or keep". "Hold" in this context refers to a group of people who lived together in one place, indicating a family or those living in the same home.
The word "expenditure" originates from the Latin word "expendere", which means "weigh out" or "spend". This comes from the combination of the prefix "ex-" (meaning "out") and "pendere" (meaning "to weigh" or "pay").
So, "household expenditure" refers to the amount of money or resources spent by a group of people living together in a home.
