Question

What is the problem with using traditional models of family economics? What were the alternative options used in recent studies?

Answer 1

In today's era there are many things that havechanged drastically due to ever-growing , competitive and fastlife especially technologies have had a great imapct in shifting the habits and lifestyle from traditional to modernization.

Discussing on this topic a system of traditional family economy is what which has been completely changed. Family Economy term is used to describe products, goods, and services, mostly produced in the home and where the workforce consists of family members. Often this is the most basic but most hidden element. Family economics is also considered to be known as pre industrial community economy. In families where the mother and father foster healthy and committed relationships with each other and with their children, children appreciate the importance of building these relationships with others. Thus, individuals from stable family units are better enabled to contribute to the economic development of society.

In contrast of alternatives to traditional The concept of the alternative family encompasses those models of family life that differ from the so-called traditional, or nuclear, family—that is, a family comprised of a husband and wife and their children. As per recent studies family planning the alternative to traditional has also bought changes in the economy through an individual's approach to business , jobs , income portion of it. In alternative family concept the male's as well females share equal responsibility and provide shoulder to shoulder for economic welfare of their families. Alternative to traditional family modern days people prefer to have a nuclear family which include 3-4 members in a particular house.