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Financial Analytics: Science and Experience
 

The essence and role of households in the modern economy

Vol. 16, Iss. 1, MARCH 2023

Received: 13 December 2022

Received in revised form: 25 December 2022

Accepted: 13 January 2023

Available online: 28 February 2023

Subject Heading: CAPACITY OF HOUSEHOLDS

JEL Classification: R23, R28

Pages: 65–80

https://doi.org/10.24891/fa.16.1.65

Abdulla A. YANDIEV Financial University under Government of Russian Federation, Moscow, Russian Federation
abdulla_yandiev@mail.ru

https://orcid.org/00000-0002-6879-5466

Subject. This article considers households as an integral part of the country's economic system.
Objectives. The article aims to develop areas for the development of households and their participation in the economy of the State.
Methods. For the study, I used analysis, synthesis, generalization, abstraction, analogy, comparison, observation, monitoring, modeling, and the statistical methods.
Results. The article presents the author-developed areas to intensify the participation of households in the State economy through educational and financial instruments of national policy.
Conclusions. The development of micro-entrepreneurship at the household level will contribute to improving the standard and quality of life of the population in the context of the economic crisis. To intensify the activity in this area, it is necessary to develop an effective programme of educational and financial support for households.

Keywords: household, family, self-employment, household functions, economic development

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