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Showing posts with label concept. Show all posts
Showing posts with label concept. Show all posts

Saturday, 16 June 2018

what is the Concept of Financial Literacy ?

concept , financial
what is the Concept of Financial Literacy ?
       Concept of Financial Literacy

  Financial literacy refer to the ability to  make informed judgments and to take  effective  decisions regarding the use and management of money. It is  associated with the consumer who  has a responsibility  to inform himself of the product he purchase and to understand the contracts he signs with the incorporation of his knowledge, skills and attitude . Financial literacy originates  in developed countries where it has received far more attention than in the developing wold..The basis of financial literacy  is the importance of having the skill and knowledge to make informed financial decisions. The U.S Government Accountability Office (GAO) offers a definition for financial literacy as:
          "The ability to make informed judgement and to take effective actions regarding the current and future use and management of  money . It includes the ability to understand financial choice , plan for the future, spend wisely, and manage the challenges associated with life events such as  a job less, saving for retirement, or paying for a child's education."
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Friday, 15 June 2018

what is the Concept Of Livelihood ?

concept , livelihood
what is the Concept Of Livelihood ?
Concept Of Livelihood

The term "livelihood" be broadly define as the capabilities, assets and activities required for living. The term  is well recognized as humans inherently developed and implemented and implement strategies to ensure their survival. The hidden complexity behind the term comes to light when government, civil society, and external organization attempt to assist people whose means of making a living is threatened , damage, or destroyed. From extensive  learning and practice, various definitions have emerge that attempt to represent the complex nature of a livelihood. The definition of livelihood suggested by "CHAMBER  and CONROY " is " A livelihood comprises the capabilities, assets (including both materials and social resources) and activities required for a means of living. A livelihood is sustainable when it can cope with and recover from stress and shocks and maintain or enhance its capabilities and assets both now and in the future, while not undermining the nature resource base." (CHAMBER & CONWAY, 1991). 
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