what are the different type of resources on the basic of ownership define THEM
Answers
On the basis of ownership resources can be classified into four types.
Resources on the basis of ownership are:
Individual Resources: Resources which are owned by private individuals are known as individual resources. For examples: house, car, book, etc.
Community Resources: Resources which are owned by all members of the community. For example: public parks, play ground, etc.
National Resources: All the resources which are under the control of state or union government. For example: all mineral resources, like water, land, forest and wild life.
International Resources: These are international institutions that control all areas which do not belong to any individual country. For example: area beyond the exclusive economic zone belong to the open ocean & no individual country can utilize this area without the permission of international institutions.