Undifferentiated goods- and services-producing activities of private households for own use
NACE v2.0 Code: T98
About undifferentiated goods- and services-producing activities of private households for own use
NACE code 98 encompasses the undifferentiated goods- and services-producing activities of private households for their own use. This industry plays a vital role in the broader economy, as it represents the self-sustaining efforts of individuals and families to meet their own needs through the production of goods and services. While these activities may not be formally recognized in economic statistics, they contribute significantly to the overall well-being and self-reliance of households.
Production process
The production techniques within this industry are highly diverse, as they encompass a wide range of activities undertaken by private households for their own use. These may include the preparation of meals, the maintenance and repair of dwellings, the production of textiles and clothing, the cultivation of crops or the rearing of animals, and the provision of various personal services. The specific methods employed are often passed down within families or learned through personal experience, and they may involve a combination of manual labor, traditional skills, and the use of basic tools and equipment.
Production inputs
The main inputs required for the activities described by NACE code 98 are the resources and materials available within the household itself. This may include raw materials such as food, fibers, and other natural resources, as well as basic tools, equipment, and household appliances. The labor input is provided by the members of the household, who utilize their knowledge, skills, and time to produce the necessary goods and services.
Production outputs
The outputs of the activities described by NACE code 98 are the goods and services produced by private households for their own use. These may include prepared meals, handcrafted textiles and clothing, homegrown produce, and various personal services. The outputs of this industry are primarily consumed within the household and are not typically intended for commercial sale. However, in some cases, households may choose to sell or exchange their surplus production, which could then be consumed by other 47 Retail trade, except of motor vehicles and motorcycles or 96 Other personal service activities industries.
Revisions to 98
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 98. The most recent 1 version of this code (98) is in the NACE v2.1 system:
This page shows a legacy version of code 98 ( NACE v2.0).
Newer versions
- NACE v2.1 (Latest revision):
Related ISIC Codes
These isic codes are related to this econ code: (98).
ISIC code | ISIC Version | ISIC title |
---|---|---|
98 | ISIC v4.0 | Undifferentiated goods- and services-producing activities of private households for own use |
Family tree for undifferentiated goods- and services-producing activities of private households for own use
graph LR A["<a href='/classifications/nace/v2/T'>T: ACTIVITIES OF HOUSEHOLDS AS EMPLOYERS; UNDIFFERENTIATED GOODS- AND SERVICES-PRODUCING ACTIVITIES OF HOUSEHOLDS FOR OWN USE</a>"] A --> B["<a href='/classifications/nace/v2/T/98'>98: Undifferentiated goods- and services-producing activities of private households for own use</a>"] A --> C["<a href='/classifications/nace/v2/T/97'>97: Activities of households as employers of domestic personnel</a>"] B --> D["<a href='/classifications/nace/v2/T/98/1'>98.1: Undifferentiated goods-producing activities of private households for own use</a>"] B --> E["<a href='/classifications/nace/v2/T/98/2'>98.2: Undifferentiated service-producing activities of private households for own use</a>"] %% Color coordination by level classDef level1 color:#000,fill:#a8f9ff,stroke:#333,stroke-width:2px classDef level2 color:#000,fill:#e0a458,stroke:#333,stroke-width:1px classDef level3 color:#000,fill:#419d78,stroke:#333,stroke-width:1px classDef level4 color:#000,fill:#c04abc,stroke:#333,stroke-width:1px classDef level5 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px classDef level6 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px classDef highlight color:#000,fill:#fff,stroke:#000,stroke-width:5px %% Apply classes class A level1 class B level2 class C level2 class D level3 class E level3 class B highlight %% class A level1 %% class B,C level2 %% class D,E,F,G,H,I level2 %% class J,K,L,M,N,O,P level3 %% class B highlight