Livelihoods and Risk

Livelihoods refer to the means and activities people rely on to earn a living, such as farming, trading, or working in services. Risk involves potential threats or uncertainties that can harm these livelihoods, like natural disasters, economic downturns, or health crises. When risks occur, they can reduce income, damage property, or force people to change their ways of earning. Understanding the connection between livelihoods and risk helps in developing strategies to protect people’s livelihoods and reduce their vulnerability to unexpected events.