Question

Markets are major sources of income for many people. How do people from different occupations benefitted and earning their livelihoods from it?​

Answer 1

Explanation:

The major sources of the livelihood are Financial resources, Human resources, Natural resources, Physical resources, Political resources etc.

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Answer 2

Answer:

Contemporary livelihood studies represent a shift away from the structural perspectives of the 1970s that presented poor people as passive victims of structural forces. Livelihood studies focus on the relationship between macrolevel processes and domestic units and highlight people's active involvement in responding to and enforcing change. Such studies have highlighted the increasing numbers of people in the developing world that have opted for a development path characterized by income diversification. They have also shown that the diversification of income sources is not limited to the poor, but rather many individuals and households across different classes also rely on multiple sources of income.