what are the classification based on developement?
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explain potential and actual
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what are the classification based on developement?
On the basis of the status of development, resources are classified into four groups, namely potential, developed, stock and reserve.
explain potential and actual
Potential resources are those whose entire quantity may not be known and these are not being used at present . Actual resources are those resources whose quantity is known. These resources are being used in the present. The uranium found in Ladakh is an example of potential resource that could be used in the future.
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