Question

On the basis of ownership how can we classify resources

Answer 1

On the basis of ownership, the resources can be classified on the basis of:-

1.)INDIVIDUAL OWNERSHIP
The resources which belong to a single individual or a group of individuals is known as individual ownership.

2.)PUBLIC
It is the type of ownership in which the resources belong to the public or the people of whole nation.

3.)NATIONAL OWNERSHIP
The national ownership includes the resources which belong to the whole nation. for eg. the area of the land occupied by the country is national resource.

4.)INTERNATIONAL RESOURCE
It is the type of resources which belongto international partners. they are shared among different nations.

Answer 2

1) Individual Resources: These are owned privately by individuals. Many farmers own land which is allotted to them by government against the payment of revenue. Urban people own houses, plots and other property. So plantation, pasture land, ponds, etc. are some of the examples of resource ownership by individuals.
2) Community-owned Resources: These are resources which are accessible to all the members of the community. For example, grazing grounds, burial grounds, village ponds, etc. and public parks, picnic spots, playground, etc. are accessible to all people. Thus they are community- owned resources.
3) National Resources: All the resources within the nation are called national resources. All the minerals, water resources, forests, wildlife, land within the political boundaries and oceanic area upto 12 nautical miles from the coast and resources within the nation, belong to the nation.
4) International Resources: There are international institutions which regulate some resources. The oceanic resources beyond 200 kms of the Exclusive Economic Zone belong to open ocean and no individual country can utilise these without the permission of international institutions.

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