Our family's economic background is not very good, wherewith a meager income we have to support three children. So I have to find additional work to add to the existing shortcomings. The challenge that I often face is where the needs of my three children when I want to go to higher education, for example, the first child will go to college, the second child will go to high school, and the third child will go to high school, so I have to work extra hard so that it can finance all the costs of education.
Economics is one of the social sciences that study human activities related to the production, distribution, and consumption of goods and services. The term "economy" itself comes from the Greek language, namely οἶκος (Oikos) which means "family, household" and νόμος (nomos) which means "rules, rules, laws". Broadly speaking, the economy is defined as "household rules" or "household management." While what is meant by economists or economists is people using the concept of economics, and data at work.
The family economy is one of the economic studies units in the smallest unit of the largest economic unit. The family economic study discusses how families deal with the problem of scarcity of resources to satisfy the desires and needs of goods and services so that families are required to be able to determine the choice of various activities to achieve goals.
Households are those who live together to use resources collectively to achieve goals, while families are people who have social-biological ties through marriage, birth, do not live together and use resources together to achieve common goals.
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Grade: College
Subject: Social studies
keywords: Economics, The family economy
