This book mainly covers work in New development Economics. The analysis is purely done at Household level with primary data and utilizes data collected from rural economies in this case Tigray Region of Northern Ethiopia. Many thanks to the NOMA program and the NORAD fellows who enabled the author to collect data. Also, acknowledgement to LAP Publishing Company for publishing this monograph and also the staff of the Norwegian University of Life Sciences (UMB) for the support rendered when writing this monograph.