Basic Direction and Issues
Household economics may be defined as the economic aspects that form the basis of managing the family, the smallest unit of our social existence.
A better life and sound household economics ultimately benefit the national economy. In this sense, the ultimate objective of the government, today as in the past, is to manage the nation and improve the life of its people.
While household economies are an important economic entity as sources of labor and consumers of goods and services, they have only been treated as a passive and incidental existence compared to corporate and government counterparts.
The maturation and globalization of the national economy, however, have highlighted the extreme importance of the household economy, and so its role must now be reviewed.
The fundamental task of the Institute is to identify non-economic factors of the household economy and not merely its validity as a component of the market economy. In fact, it is hoped that a re-evaluation of the household economy in terms of both functions combined will help clarify the severe economic and social problems.