A livelihood comprises the capabilities, assets, and activities required for a means of living. The said assets comprise human, social, natural, physical, and financial capital to connote the variegated resources with which communities make do. Financial capital, the income to which this query presumably refers, is a narrower definition of value that typically comprises credit and debt (formal, informal), pensions, remittances, savings, and wages.

Livelihoods seem to cover a larger area while the source of income was limited

Livelihood is the source of many needs but the source of income is only economic

Income sources are a good part of a livelihood, but misleading if used to assess total living conditions, quality of life etc.

Livelihoods, in addition to income, include all non remunerative household activities such as growing ones own food, level of cooperation with family and neighbors, how debt problems are solved, gifts and favors etc.

Income is a crude measure, but favoured by economists, livelihoods include assets and entitlements which can be in cash or free health care visits

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A rural livelihood is defined as: “the capabilities, assets and activities that rural people require for a means of living." It is considered sustainable “when it can cope with and recover from stresses and shocks, and maintain or enhance its capabilities and assets-- both now and in the future-- while not undermining

Rural income generating activities encompass agricultural production (crop, livestock), agricultural wage. employment, non-agricultural wage employment, non-farm enterprises, transfers and non-labour income sources.

Good. Nice and clear. They are different, but often confused.

Hello, I'm glad to meet you

Thank you for your question and I hope I answered your question well.

Livelihood means life and livelihood, abilities and assets needed to live and survive, while income is something that may be partly spent on livelihood and partly saved. In some rural areas, all income may be used for Livelihood to be spent. These depend on the development and diversity of rural income sources, which vary from region to region.

Rural livelihood is quite different with the Rural source of income

1. Livelihood may involved socio-cultural activities of the rural population before focusing on Socio- economics, while Rural source of income focus more on economic and business perspective

Livelihood and source of income are different economic categories.

Livelihood - material and spiritual values, consumer goods and services, things, items necessary for the existence of people, creating conditions for existence.

Source of income - economic benefit in cash or in kind, bringing a person for his activities.