Describe the various basis of classification of resources with the help of examples.
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Classification of Resources: On the basis of Exhaustibility:
For example – agricultural crops, water, forest, wildlife, etc. Non-renewable Resources: Resources which takes million years of time to replenish are called non-renewable resources. For example – fossil fuel.
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Resources can be classified on different bases; into following types:
✔On the basis of origin: Biotic and Abiotic
✔On the basis of exhaustibility: Renewable and Non-renewable
✔On the basis of ownership: Individual, community, national and international
✔On the basis of status of development: Potential, Developed, Stock and Reserves
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