home economics

(noun)

The study of homemaking, including cooking, needlework, cleaning, and other skills or tasks that aid the successful operation of a home and family environment.

Related Terms

Examples of home economics in the following topics:

  • References

    • Retrieved September 2, 2003, from: http://home.capecod.net/~tpanitz/tedsarticles/coopbenefits.htm
    • Retrieved September 2, 2003, from: http://home.capecod.net/~tpanitz/tedsarticles/coopdefinition.htm
    • Retrieved September 2, 2003, from: http://home.capecod.net/~tpanitz/tedsarticles/coopbenefits.htm
    • Retrieved September 2, 2003, from: http://home.capecod.net/~tpanitz/tedsarticles/coopbenefits.htm
    • The effects of cooperative learning methods on achievement, retention, and attitudes of home economics students in north carolina.

  • Property

    • An example of private property stimulating economic growth is when a homeowner makes home improvements to increase the value of their home, when in a similar situation a tenant in a government-owned building would not invest money in home improvements.
    • An example of private property stimulating economic growth is when a homeowner makes home improvements to increase the value of their home, when in a similar situation a tenant in a government owned building would not invest money in home improvements.
    • It goes beyond income as a measure of social class, as it reflects wealth accumulated (e.g., homes, stocks, bonds, savings) in addition to one's earning potential.
    • Economic liberals consider private property to be essential for the construction of a prosperous society.
    • Lastly, libertarians believe that private property rights are a requisite for rational economic calculation, and that without clearly defined property rights, the prices of goods and services cannot be determined in an "efficient" manner, making the most efficient economic calculation impossible.

  • Impact of Immigration on the Immigrant

    • Immigration involves the movement of people from their home country to a host country or region, to which they are not native, to live.
    • There are many reasons why immigrants choose to leave their home countries, including economic issues, political issues, family reunification, and natural disasters.
    • Primarily, immigrants choose to leave their home country in order to improve their quality of life.
    • Economic reasons for immigrating include seeking higher wage rates, better employment opportunities, a higher standard of living, and educational opportunities .
    • Many immigrants are seeking better economic conditions in a new country, so the cost of moving can be substantial for them.

  • Impact of Immigration on the Host and Home Country Economies

    • People immigrate for many reasons; some of which include economic or political reasons, family reunification, natural disasters, or the desire to change one's surroundings.
    • The home country also faces specific challenges in regards to immigration.
    • In the long-run, large amounts of immigration will weaken the home country by decreasing the population, the level of production, and economic spending.
    • If a country is losing citizens due to economic reasons, the situation will not improve until economic changes are made.
    • Explain how immigration impacts the host country and the home country of immigrants

  • The State of the Economy

    • Despite recent economic woes, America's economy remains the world's largest and most diverse.
    • At home, a bipartisan consensus emerged in favor of further economic deregulation, which, in turn, spurred a freewheeling expansion of new types of investments that helped fuel a vast increase in international finance and commerce.
    • Consumers, businesses, home buyers, and the U.S. government itself borrowed heavily in the belief that the value of their investments—including, fatefully for many, their homes—would continue to grow.
    • -led global economic growth.
    • Although economic indicators are stronger today than they were two or three years ago, protracted high unemployment in the wake of the Great Recession has left millions of Americans with lower incomes and in economic distress.

  • Change in Household Size

    • Household models include the single family and blended family home, shared housing, and group homes for people with special needs.
    • This is due to a variety of economic and social changes, such as the declining affordability of home ownership, as well as delayed marriage and decreasing marriage rates.
    • A group home is a private residence designed to serve children or adults with chronic disabilities.
    • Group homes typically have a maximum of six residents and a trained, on-site caregiver available 24 hours a day.
    • Since the 1970s, group homes have assumed the role of earlier institutions such as asylums, poorhouses, and orphanages.

  • Economic Indicators

    • The National Bureau of Economic Research analyzes and interprets many different trends in economic indicators, including GDP (gross domestic product), to identify business cycle dates.
    • One application of economic indicators is the study of business cycles.
    • Other producers of economic indicators includes the United States Census Bureau and United States Bureau of Economic Analysis.
    • An increase in this statistic—which tells us how many new housing units are being built—indicates that the economy is improving because increased building brings money into the economy not only through new home sales but also through sales of furniture and appliances to furnish these homes.
    • Identify the major economic indicators and what economic factors they measure

  • Wealth

    • Wealth is commonly measured in terms of net worth, which is the sum of all assets, including home equity, minus all liabilities.
    • Many low to middle-income Americans have had their homes foreclosed upon during the recent recession.
    • While income is often seen as a type of wealth in colloquial language use, wealth and income are two substantially different measures of economic prosperity.
    • Home ownership is one of the main sources of wealth among families in the United States.
    • For white families, home ownership is worth, on average, $60,000 more than it is worth for black families.

  • Introduction to Small Business and the Corporation

    • In the 17th and 18th centuries, the public extolled the pioneer who overcame great hardships to carve a home and a way of life out of the wilderness.
    • In 19th-century America, as small agricultural enterprises rapidly spread across the vast expanse of the American frontier, the homesteading farmer embodied many of the ideals of the economic individualist.
    • But as the nation's population grew and cities assumed increased economic importance, the dream of being in business for oneself evolved to include small merchants, independent craftsmen, and self-reliant professionals as well.
    • The 20th century, continuing a trend that began in the latter part of the 19th century, brought an enormous leap in the scale and complexity of economic activity.

  • Causes and Immediate Impacts of the Crisis

    • To simplify this, banks pushed mortgages on prospective home owners who could not afford to repay them.
    • This created an economic meltdown, starting with the United States, that spread across the global markets.
    • It is a fiercely debated and widely discussed issue in the field of economics (and in mainstream media), providing a real-life case study for many of the critical concepts of economic theory.
    • First, they lent money to people who could not pay it back (to buy homes).
    • Individuals bought homes they could not afford utilizing loans they could not pay back.