briefly describe resources on the basis of ownership
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Classify resources on the basis of ownership with examples. ... Individual Resources: These are owned privately by individuals. Many farmers own land which is allotted to them by government against the payment of revenue. Urban people own houses, plots and other property
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Classification of Resources: On the Basis of ownership:
Individual: Resources owned by individuals are called Individual Resources. For example – land owned by farmers, house, etc. ... National Resources: Resources owned by Individual Nations are called National Resources.
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