European Proceedings Logo

Livelihood Assets Index: A Case Study in Rural Area, Kedah, Malaysia

Table 2: Definition of the Livelihood Assets

Measurements Definition of the Most Important Capital Assets
Human assets Individual investments in education, health, and nutrition are all included. Labor is a valuable asset connected to human capital investments; people's capacity to work is determined by their health, and the returns on their labor are determined by their skill and education.
Social assets Intangible assets are described as the rules, norms, duties, reciprocity, and trust contained in social connections, social structures, and societies' institutional arrangements that allow people to fulfill their personal and collective goals. Social capital is a term that refers to the rules and regulations that govern formalized institutions in the marketplace, political system, and civil society. It is embedded in social institutions at the macro institutional level—communities and households—as well as the rules and regulations that govern formalized institutions in the marketplace, political system, and civil society.
Financial assets People have access to financial resources such as savings and credit lines.
Natural assets Stocks of environmental assets such as soil, atmosphere, forests, minerals, water, and wetlands are included. The land is a crucial productive asset for the impoverished in rural communities, and land for shelter is also a vital productive asset in urban regions.
Physical assets Produced capital (also known as human-made capital) refers to the stock of plants, equipment, infrastructure, and other productive resources owned by people, businesses, or governments.
< Back to article