Describe the various basis of classification of resources with the help of example.
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Resources can be classified in the following ways– (a) On the basis of origin – biotic and abiotic (b) On the basis of exhaustibility – renewable and non-renewable (c) On the basis of ownership – individual, community, national and international (d) On the basis of status of development – potential, developed stock and ...
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Resources are classified on the basis of status of development in the following categories: i) Potential Resources - These are resources
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