Question

Define resource and classifyon the basis of status of development

Answer 1

Classify resources on the basis of thestatus of development into three groups. ... On the basis of the status of development, resources are classifiedinto four groups, namely potential,developed, stock and reserve.

Answer 2

Resources are classified on the basis of status of development in the following categories: i) Potential Resources - These are resources that have been found in a region but not yet been fully utilised. ... iv) Reserves - These are stocks of resources that can be put to use with existing technology