Which term refers to the economic aspect of the family?

The term that refers to the economic aspect of the family is "Private Household." This term encompasses the economic arrangements and resource management within a family unit. A private household typically refers to a group of individuals living together and sharing resources, including finances, which is central to understanding how families operate economically.

In this context, the private household serves as the primary economic unit where decisions regarding income, expenditures, and resource allocation take place. Families function not just as emotional or social units, but as economic entities that manage their financial well-being and contribute to the broader economy.

Other options like "Norm," "Role," and "Institutions" touch upon social structures and expectations but do not directly encapsulate the economic functions and responsibilities that characterize a family as a private household. For instance, norms refer to the expected behaviors within a family, roles describe the responsibilities of each family member, and institutions refer to established patterns and structures in society, such as marriage and education, rather than the economic functions of a household.