describe the type of resources on the basis of ownership?
Answers
Classify resources on the basis of ownership with examples. ... IndividualResources: These are owned privately by individuals. Many farmers own land which is allotted to them by government against the payment of revenue. Urban people own houses, plots and other property.
Individual Resources: Resources which are owned by private individuals are known as individual resources. Plots, fields, houses, cars, books, etc., are some examples of individual resources.
(b)Community Owned Resources : The resources which are accessible .to all the members of the community are known as community resources. Village ponds, public parks, playgrounds, etc., are some examples of community resources.
(c)National Resources: All the resources which are under the control of state or union government are known as national resources. All the resources within political boundaries are national resources because the government has the power to acquire even the private properties
(d)International Resources: These resources are owned and regulated by international institutions. The oceanic resources beyond 200 km of the Exclusive Economic Zone belong to the open ocean,