Question

Describe the type of resources on the basis of status of development.

Answer 1

1 potential resources
2 stock
3 developed resources
4 undeveloped resources

Answer 2

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