describe the resources on the basis of ownership and the status of development
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Resources are classified on the basis of status of development in the following categories: Potential Resources - These are resources that have been found in a region but not yet been fully utilised. Reserves - These are stocks of resources that can be put to use with existing technology.
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Resources on the basis of Ownership:
- Individual resources-Owned by individuals. Eg- House,Car etc.
- Community resources - Owned by people living in a community. Eg- Public parks.
- National : these are the resources owned by a country for example road, etc . Oceanic area upto 12 nauticals miles is also owned by a nation.
- International resources- hese are the resources used by every country , ocean , sky etc .
On the bases of Status of development-
- (i) Potential Resources : Potential resources are those which are found in a region, but have not been utilised. For example, solar energy and wind energy, available in Rajasthan and Gujarat, have not been developed properly.
- (ii) Developed Resources : Developed resources are those which are estimated in terms of their quantity and quality for utilisation, e.g., water, soil, forests.
- (iii) Stock Resources : Materials in the environment which have the potential to satisfy human needs but are not technologically accessible to human beings, e.g., use of water as a rich source of energy.
- (iv) Reserve Resources : Reserve is a part of stock which can be put to use in the near future with the help of existing technology, e.g., water in dams, forests.
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