Classify the resources on the basis of ownership . Explain each class in brief with example
Answers
(a) Individual Resources: Resources which are owned by private individuals are known as individual resources. Plots, fields, houses, cars, books, etc., are some examples of individual resources.
(b)Community Owned Resources : The resources which are accessible .to all the members of the community are known as community resources. Village ponds, public parks, playgrounds, etc., are some examples of community resources.
(c)National Resources: All the resources which are under the control of state or union government are known as national resources. All the resources within political boundaries are national resources because the government has the power to acquire even the private properties
(d)International Resources: These resources are owned and regulated by international institutions. The oceanic resources beyond 200 km of the Exclusive Economic Zone belong to the open ocean, and no individual country can utilise these without the concurrence of international institutions. India has got the right to mine manganese nodules from the bed of the Indian Ocean from that area which lies beyond the Exclusive Economic Zone.
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