 A Prototype Model of the Producer-Consumer HouseholdYoshihiro Maruyama and
Tadashi Sonoda
Chapter 1 in A Theory of the Producer-Consumer Household, 2011, pp 1-29 from Palgrave Macmillan Abstract: Abstract A producer-consumer household is like Janus. It possesses the characteristics of both a producing unit and a consuming unit. As a producing unit its family firm employs factors of production from its owner household. If it intends to employ more than its owner household is willing to supply, it is obliged to tap into other sources. As it expands its employment of them from other sources, it will acquire more of the characteristics of a capitalist firm. On the other hand, as a consuming unit it finds the main opportunities of employment for factors of production it possesses within its own family firm. If its supply of these factors exceeds what its family firm intends to employ, it is obliged to supply whatever amount remains to other producing units. As it expands its supply of these factors to other producing units, it will become more like a worker-consumer household. Keywords: Wage Rate; Family Firm; Consumption Good; Market Rate; Family Welfare (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-34668-0_1 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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