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Subjects
Class 11Home ScienceWork, Livelihood and CareerWork, careers and livelihoodMediumLevel 4

What is the benefit of livelihood diversification?

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Answer and explanation

Correct answer: Reducing risk by creating many income sources

Diversification gives protection from income fluctuations. In exams connect it with risk reduction.

Tags

livelihood-diversificationriskincome

Frequently asked questions

What is the correct answer to this question?

Reducing risk by creating many income sources

Why is this the correct answer?

Diversification gives protection from income fluctuations. In exams connect it with risk reduction.

Which subject and chapter does this question cover?

This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Work, careers and livelihood.

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