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Consumption and Management by Bingxin Wu

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17

Family consumption and wealth management

The family is the most basic and the smallest unit in the social structure with the division of single-parent families and large extended families. In China, the history and social system that can be studied are changeable in the history of five thousand years. However, it never changes that the general population mainly participates in social activities with the family as a unit, and families are formed by blood ties and the kinship system. A village is made up of a number of families; a town is formed by a number of villages; a county by a number of towns; a region or city or province by a number of counties (districts); and a country is the superstructure and systematic social structure of a number ...

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