ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Livelihood is defined as a set of activities essential to everyday life that are conducted over one’s life span. Such activities could include securing water, food, fodder, medicine, shelter, clothing.

Detailed explanation-2: -Besides agriculture, forest, livestock, and wage laboring also form important sources of livelihoods for the majority of the households (91%, 80.5%, and 71.5%, respectively).

Detailed explanation-3: -The status of the livelihood assets or capitals for the major vulnerable livelihood groups in the study area has been assessed following the five types of livelihoods assets (human, natural, financial, physical and social assets or capitals) identified in the SLF.

Detailed explanation-4: -The basic idea of the sustainable livelihood approach is based on five pillars, the five livelihood assets: human capital, social capital, physical capital, natural capital, and financial capital.