what are the different bases for the classification of natural resources? explain different types of natural resources briefly
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Natural resources can be classified as potential, actual, reserve, or stock resources based on their stage of development. Natural resources are either renewable or non-renewable depending on whether or not they replenish naturally. Natural resource utilization is regulated through the use of taxes and permits.
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Classification of natural resources on the basis of origin:
Abiotic Resource: Resources which come from non-living sources are called abiotic resources, e.g. soil, rocks and minerals.
Biotic Resource: Resources which come from living beings are called biotic resource, e.g. milk, leather, timber, etc.
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