Question

Explain Resources On the basis of there Ownership?


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Answer 1

Individual Resources: These are also owned privately by individuals. Many farmers own land which is allotted to them by government against the payment of revenue. Community Owned Resources: There are resources which are accessible to all the members of the community.

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Answer 2

Answer:

Individual Resources: These are also owned privately by individuals. Many farmers own land which is allotted to them by government against the payment of revenue.

Resources: There are resources which are accessible to all the members of the community. Village commons (grazing grounds, burial grounds, village ponds, etc.) public parks, picnic spots, playgrounds in urban areas are de facto accessible to all the people living there.

National Resources: Technically, all the resources belong to the nation. The country has legal powers to acquire even private property for public good. You might have seen roads, canals, railways being constructed on fields owned by some individuals. Urban Development Authorities get empowered by the government to acquire land.

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.

Explanation:

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