Assets

Livelihood is comprised of the capabilities, assets (including both material and social resources) and activities required for a means of living (stocks, flows of food and cash to meet basic needs).  A livelihood is secure, when the ownership of, or access to, resources and income-generating activities are secure. One dimension to the welfare of a household is indicated by the assets, including landholding, livestock and durables the household. Assets serve not only as an indicator of income, but can also be used by the household in various ways to earn a livelihood. Some assets may allow households to cope with the risks brought about by seasonal variations in incomes from farming, or other sources of vulnerability. If the head of the household suddenly becomes unemployed, or dies, or if a natural disaster occurs, the household could use its assets to supplement their consumption. Consequently, it is important to look into the amenities and assets of a household as well as their access to basic social services to get a comprehensive portrait of their welfare conditions.