ACTIVITIES OF HOUSEHOLDS AS EMPLOYERS; UNDIFFERENTIATED GOODS- AND SERVICES-PRODUCING ACTIVITIES OF HOUSEHOLDS FOR OWN USE
NACE v2.0 Code: T
About activities of households as employers; undifferentiated goods- and services-producing activities of households for own use
NACE code T covers a unique and often overlooked aspect of economic activity - the undifferentiated goods and services produced by households for their own use. This industry encompasses a wide range of domestic tasks and activities that are essential for the functioning of households, but often go unrecorded in traditional economic measures. While the output of this industry may not directly contribute to GDP, it plays a vital role in supporting the overall well-being and self-sufficiency of households within the broader economy.
Production process
The production techniques used in this industry are highly varied and tailored to the specific needs and preferences of individual households. They can range from traditional manual methods, such as cooking, cleaning, and home maintenance, to the use of modern appliances and technologies. Households may also engage in small-scale production of goods, such as gardening, handicrafts, or minor home repairs, using a combination of manual and automated techniques.
Production inputs
The main inputs required for this industry are the time, skills, and resources available within the household. This can include basic household items, such as cleaning supplies, cooking utensils, and DIY tools, as well as any raw materials or semi-finished goods needed for the production of household goods. Households may also rely on the use of electricity, water, and other utilities to power their activities.
Production outputs
The primary outputs of this industry are the goods and services produced by households for their own consumption. This can include a wide range of items, such as prepared meals, cleaned and maintained living spaces, handmade crafts, and minor home repairs. While these outputs are not typically traded in the market, they contribute to the overall well-being and self-sufficiency of households. The outputs of this industry may also have indirect impacts on other NACE codes, such as C Manufacturing, G Wholesale and retail trade; repair of motor vehicles and motorcycles, and N Administrative and support service activities.
Revisions to T
Classification codes are adjusted frequently. The code may have been revised or replaced between system versions. The table below shows the history (newest to oldest) of the code T. The most recent 1 version of this code (T) is in the NACE v2.1 system:
This page shows a legacy version of code T ( NACE v2.0).
Newer versions
Related ISIC Codes
These isic codes are related to this econ code: (T).
ISIC code | ISIC Version | ISIC title |
---|---|---|
T | ISIC v4.0 | Activities of households as employers; undifferentiated goods- and services-producing activities of households for own use |
Family tree for activities of households as employers; undifferentiated goods- and services-producing activities of households for own use
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