What is meant by the term resource . list the types of resources classified on the basis of its ownership
Answers
Answer:
Everything available in our environment which can be used to satisfy our needs provided it
is technologically accessible, economically feasible and culturally acceptable can be
termed as ‘Resources’
ON THE BASIS OF OWNERSHIP
• There are resources accessible to all the members of the community are known as
community resources. Eg: ponds in village.
• Resources are owned privately by individuals known as individual resources. Eg:
farmlands.
• All the resources within the political boundaries and oceanic is known as national
resources . Eg: coal mines .
• International resources is a scientific panel of experts that aims to help nations use
natural resources sustainably without compromising the economic development of
human need. Eg: open sea for peaceful navigation .