Question

classify and explain resource on the basic of ownership ​

Answer 1

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. ... National Resources: Resources owned by Individual Nations are called National Resources.

Answer 2

Answer:

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Classify resources based on ownership explain it.

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On the basis of ownership resources are divided into 4 sectors :-

$\color{red}{• Public \:sector - }$

Owned and operated by government agencies e. g. BHEL, SAIL etc.

$\color{red}{• Private \:sector - }$

Owned and operated by Private individuals or a group of Individuals e. g. TISCO, Bajaj Auto Ltd, Dabur Industries, Reliance etc.

$\color{red}{•Joint \:sector - }$

These sector are jointly run by the state and Individuals or a group of individuals e. g. Oil India Ltd.

$\color{red}{• Cooperative \:sector - }$

Owned and operated by the producers or supplier of raw materials, workers or both. They pool in the resources and share the profits or losses proportionately such as the sugar industry in Maharashtra, and the coir industry in Kerela.