describe the classification of resources on the basis of status of devlopment
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On the basis of their status of development, resources can be classified into four groups - stock resources, reserve resources, active resources and potential resources. Potential resources are available but not used. Active resources are used for production after a survey on their utilisation. Stock resources are not being used due to lack of capital or technology. Reserve resources are those which are not being used now but may be used in the future.
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