explain different types of resources on basis of ownership
Answers
On the basis of ownership resources can be classified into four types. (i) Individual resources: These are owned privately by individuals. (ii) Community owned resources: The resources which are accessible to all the members of the community are called community owned resources.
On the basis of ownership resources can be classified into four types.
(i) Individual resources: These are owned privately by individuals. For example, plots, houses, plantation, pasture lands, ponds, are owned by individuals.
(ii) Community owned resources: The resources which are accessible to all the members of the community are called community owned resources. For example, grazing grounds, burial grounds, picnic spots, play grounds, etc.
(iii) National resources: All the minerals, water resources, forests, wildlife, land within the political boundaries and oceanic area upto 12 nautical miles from the coast belong to the nation.
(iv) International resources : There are international institutions which regulate some resources. The oceanic resources beyond 200 km of the Exclusive Economic Zone belong to open ocean and no individual country can utilise these without the concurrence of international institutions.