Business Studies, asked by Advered9701, 1 year ago

Define the term resources classify resources on the basis of status of development write the main

Answers

Answered by priya3696
6

RESOURCE- Everything available in our enviroment which is technically accessible ,economically feasible,culturally acceptable.

STATUS OF DEVELOPMENT

  • POTENTIAL RESOURCE- Resources which are found in the region but have not been utilised due to the lack of capital or other reasons.
  • DEVELOPED RESOURCE- These are the resources which have been surveyed and their quantity and quality have been determined for utilisation.
  • STOCK- These are the materials in the enviroment which have the potential to satisfy the human needs but could not be used as the human being do not have the appropriate technology to convert them into a usable form.
  • RESERVERS- These are the subset of the stock which can be put into the use with the existing technology but their uses have postponed keeping in mind the needs of the future generations.

Answered by Riya1045
0

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.

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