Briefly explain the resources on the basis of ownership with examples
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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.
✔Community: Resources owned by community or society are called Community Owned Resources. For example – Graveyard, grazing land, ponds, burial grounds, park, etc.
✔National Resources: Resources owned by Individual Nations are called National Resources. For example – Government land, Roads, canals, railway, etc.
✔International Resources: Resources regulate by International bodies are called International Resources. For example – Ocean and sea beyond 200 km of the Exclusive Economic Zone and is called open sea or ocean. No individual country can utilize these resources without the permission of International bodies.
Hope it helps you!
Here is your answer,
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.
✔Community: Resources owned by community or society are called Community Owned Resources. For example – Graveyard, grazing land, ponds, burial grounds, park, etc.
✔National Resources: Resources owned by Individual Nations are called National Resources. For example – Government land, Roads, canals, railway, etc.
✔International Resources: Resources regulate by International bodies are called International Resources. For example – Ocean and sea beyond 200 km of the Exclusive Economic Zone and is called open sea or ocean. No individual country can utilize these resources without the permission of International bodies.
Hope it helps you!
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