Final answer:
Family transitions inherently include an economic component, which is prominent through various stages of the family life cycle and is a focus for both sociologists and consumer researchers.
Step-by-step explanation:
Family transitions always include an economic component. Throughout the different stages of the family life cycle, families face unique challenges and their success is often measured by how well they adapt and transition through these stages. Sociologists and consumer researchers assess these transitions to understand the dynamics of family over time and the goods and services they require. The family is defined as a socially recognized group that forms an emotional connection and serves as an economic unit of society, whether it is a family of orientation or a family of procreation. Moreover, the modern view of family embraces a less rigid, more fluid understanding of the family life course, accounting for changes in societal norms such as childbearing outside of marriage and including various cultural, lifestyle, and gender considerations.