What is the division of resourse on the basis of ownership?
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Individual resources: These are owned privately by individuals. For example, plots, houses, plantation, pasture lands, ponds, are owned by individuals. (ii) Community owned resources: The resources which are accessible to all the members of the community are called community owned resources.
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- Individual resources: These resources are privately owned by the individuals. For example, property, ponds, agricultural land, and others.
- Community owned resources: These resources can be access by the whole community and not a single person can claim an individual right on them.
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