wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

How are resources classified according to their distribution? - GK Q&A


Open in App
Solution

Answer:

Anything in our environment which can be used to satisfy our needs is considered a resource if it is technically accessible, economically viable, and culturally acceptable.

Classification of resources

The two most common resource classifications are:

Natural resources – Natural resources can be defined as the resources that exist on the planet independent of human actions.

Human resources – Human resources refer to the individuals who make up an organization’s, business sector’s, industry’s, or economy’s workers.

Natural Resource

Natural resources can be further classified as

  1. Renewable resources – These are the resources that can be reproduced or renewed through various mechanical, chemical, or physical processes.
  2. Non-renewable resource – These are the resource patch takes millions of years in their form. Examples like coal, petroleum, natural gas, etc.

Natural resources are classified according to their development and use are,

  • Potential resources – The resources that are present in a specific region and can be used in the future are classified as potential resources.
  • Actual resources – Actual resources are the resources where quantity is known which are being used in the present.

Classification of Resources

Resources can be classified in the following ways

  • based on origin – biotic and abiotic
  • based on exhaustibility – renewable and non-renewable
  • based on ownership – individual, community, national and international
  • based on the status of development – potential, developed s,tock and reserves.

flag
Suggest Corrections
thumbs-up
17
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Sexual Reproduction
PHYSICS
Watch in App
Join BYJU'S Learning Program
CrossIcon