Livelihood Strategies
Livelihood strategies refer to the various ways individuals or communities secure their means of living and support themselves. These strategies can include a mix of activities such as farming, fishing, trading, salary work, or running small businesses. People choose these strategies based on resources available, skills, cultural practices, and market opportunities. Understanding these strategies is important for addressing issues like poverty, employment, and sustainability, as they directly impact economic stability and quality of life for individuals and families.
Additional Insights
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Livelihood strategies refer to the various ways individuals or communities secure their basic needs and sustain their living. These strategies can include a mix of activities such as farming, fishing, trading, or working in various jobs. People often adapt their strategies based on available resources, skills, and local conditions. Some may rely on a single source of income, while others diversify to reduce risk, such as engaging in both agriculture and part-time work. Understanding these strategies helps in addressing issues like poverty, food security, and economic stability in different contexts.