Business Studies, asked by arulkumaran2151, 11 months ago

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

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Answered by priya3696
0

Answer:

SOURCE- A place, person or a thing from which something originates or can be obtained.

STATUS OF DEVELOPMENT

  • POTENTIAL RESOURCE- Resources which are found in region,but have not been utilised due to lack of capital or other reasons.
  • DEVELOPED RESOURCE- These are 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 don't have appropriate technology to convert them into useful thing.
  • RESERVERS - These are the subset of the stock, which can be put into use with existing technology but their uses have been 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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