Livelihood diversification

Livelihood diversification refers to the process by which individuals or households expand their sources of income beyond a single activity, such as farming or fishing. This can involve taking on a part-time job, starting a small business, or engaging in new agricultural practices. The goal is to enhance economic stability and reduce vulnerability to risks, such as poor crop yields or market fluctuations. By diversifying, people can better manage their finances, improve their quality of life, and create a more resilient community overall.