Correct option is D
The correct answer is (d) Livelihood
Explanation:
The term "livelihood" refers specifically to the means of securing the necessities of life, such as food and shelter. While production, work, and business are related concepts, livelihood describes the core economic purpose of these activities as a way to sustain one's existence.
Information Booster:
● Economic Sustainability: A livelihood is a set of activities performed to earn enough income to provide for a family's basic needs.
● Broad Scope: It includes one's job, skills, assets, and the social environment that allows for earning a living.
● Work vs. Livelihood: Work is any task performed, whereas livelihood is work specifically aimed at survival and financial stability.
● Sustainable Livelihood: An educational goal is to empower students with skills that ensure they can maintain a secure livelihood in the future.
● Social Context: Livelihoods are influenced by local economic opportunities and the vocational training available to individuals.
Additional Points:
● Option (a): Technical output – Production refers to the process of making or manufacturing goods, not the act of earning a living.
● Option (b): General activity – Work is a very broad term that includes leisure activities or tasks that do not necessarily generate income.
● Option (c): Commercial entity – Business refers to an organization or economic system where goods and services are exchanged for profit.
So the correct answer is (d)