Rural Livelihoods (11b) Flashcards
Livelihood?
= means of securing the necessities of life.
What are used to make a living? (2)
- Assets like capital & resources.
* Activities like
Rural livelihoods?
= diversified.
Livelihood capital assets? (5)
- Financial capital.
- Physical capital.
- Social capital.
- Human capital.
- Natural capital.
Financial capital?
= stocks of money, savings & pensions.
Physical capital?
= physical assets & local infrastructure.
Social capital?
= the cohesiveness of people & societies.
Human capital?
= the status of individuals (includes health).
Natural capital?
= nature’s goods & services.
Sustainable livelihoods?
= maintain or grow stocks of these five assets.
Unsustainable livelihoods?
= deplete capital stocks.
Sustainable livelihoods framework?
= a holistic/comprehensive approach that tries to capture the fundamental causes & dimensions of poverty without disregarding the focus on a few factors like food security.
Role of natural resources in rural livelihoods?
Contribute to livelihood security.
Results of role of natural resources in rural livelihoods? (5)
- Meets daily domestic needs.
- Generates income.
- Saves money.
- Safety net.
- Livelihood diversification.
Safety net?
= where use of natural resources acts a buffer against harsh situations like food insecurity.
Livelihood diversification?
= mechanism that reduces vulnerability & increases resilience in cases where a family member is retrenched as they can rely on other sources of income.