Sustainable Livelihood

In: Business and Management

Submitted By kalish84
Words 1006
Pages 5
Sustainable livelihood livelihood is defined as the combination of all activities developed in relation to the resources that permit households to cover their needs in order to continue surviving and developing. Various elements at different levels interact within these systems: * The context of vulnerability may reflect geographical factors, climate, history, demographics, and the social and economic situation. This context defines the risks that the population faces. * The resources or assets to which the family or individuals have access, control or possess and with which they carry out productive processes, participate in the labour market or use for exchange with other families or individuals. These can be classified in the following manner: * Natural capital: made up of natural resources such as land, water and other biological resources. * Physical capital: includes the goods that have been created through productive processes, for example infrastructure (roads, bridges) and machinery. * Human capital: the ability to work and the labour capacity of a family unit or individual. * Financial capital: the household’s access to money, which may be through savings or credit. * Social capital: attitude towards reciprocity within the community, between households or individuals, based on the confidence formed through social links. * Policies, institutions and organisations influence the access to necessary livelihood resources and affect production processes by creating conditional factors such as laws or services.
It can be seen then, that these variables interact to shape how households or individuals carry out their livelihood strategies, which are simply the manner in which they develop their activities or obtain their means for living, their food or income, and thus, their capacity to satisfy their basic needs.…...

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