Discuss resources classification on the basis of the status of development with their important features.
Answers
Explanation:
On the basis of the status of development, resources are classified into four groups, namely potential, developed, stock and reserve. ... (ii) Developed Resources : Developed resources are those which are estimated in terms of their quantity and quality for utilisation, e.g., water, soil, forests
Resources are classified on the basis of status of development as given below
1. Potential resources are resources which are found in a region, but have not been utilised. The decision to utilise them is based on economic feasibility and its usefulness.
2. Developed resources are resources which have been surveyed and their quality and quantity have been determined for utilisation.
The development of such resources depends on technology and level of their viability.
3. Stock resources have the potential to satisfy our needs, but we do not have the appropriate technology to use these economically.
4. Reserve resources can be put into use with the help of existing technical "know-how", but their use has not yet been started.