 The centre of the village is at Eidstod, which lies at the eastern end of the Vråvatn lake, where it flows into lake Nisser.The economy is based on tourism (hotels, camping and a ski-centre), light industry, and small-scale logging.The name probably derives from the old Norse «vrá/ró» which means "step", probably used to refer to farms which lay a little remotely - but it could also come from the fact that the valley is curved or "stepped".