Define resource classification on the basis of ownership
Answers
On the Basis of Ownership
• Individual Resources: The resources owned privately by individuals are called Individual resources. For example: Plot, houses etc. owned by a person.
• Community Owned Resources: The resources which are accessible to all the members of the community. For example: Public parks, picnic spots owned by a community.
• National Resources: The resources which come under nation are known as National Resources. Technically, all the resources belong to the nation.
• International Resources: The resources lying beyond 200 kms of Exclusive Economic Zone in the oceans are called International Resources. No one can use these resources without the permission of international institutions.
Here is ur ans:
(i) Classification for resources on the basis of ownership:
(a) Individual resources
(b) Community owned resources
(c) National resources
(d) International resources
(a) Individual resources:Resources which are privately owned against the payment of revenue by individuals. e.g., ponds, pasture lands etc.
(b) Community owned resources: Resources which are accessible to all the members of a community, e.g., picnic spots.
(c) National resources: AII the resources (minerals, water resources, forests, wildlife, land) which are present in the political boundaries and oceanic area of a nation up to 12 nautical miles in the ocean from the coast, termed as terrestrial water and resources therein belong to the nation.
(d) International resources: There are international institutions which regulate some resources. The oceanic resources beyond 200 nautical miles of the Exclusive Economic Zone belong to open ocean and no individual country can utilise these without the concurrence of international institutions
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