What is the importance of stability in livelihood?
Answer and explanation
Correct answer: It provides reliable income for regular needs and future planning
A stable livelihood means that income is relatively regular and dependable. It enables a family to budget for recurring needs such as food, education and healthcare, while also planning savings and future expenses. Increased financial insecurity is linked to unstable, not stable, income. Exam tip: associate livelihood stability with regular income, financial security and planning.
Frequently asked questions
What is the correct answer to this question?
It provides reliable income for regular needs and future planning
Why is this the correct answer?
A stable livelihood means that income is relatively regular and dependable. It enables a family to budget for recurring needs such as food, education and healthcare, while also planning savings and future expenses. Increased financial insecurity is linked to unstable, not stable, income. Exam tip: associate livelihood stability with regular income, financial security and planning.
Which subject and chapter does this question cover?
This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Work and meaningful work.
