explain the classification resources on the basis of status of development?
explain the classification resources on the basis of status of development?
Resources are classified on the basis of status of development in the following categories:
i) Potential Resources- These are resources that have been found in a region but not yet been fully utilised.
ii) Developed Resources- These are resources which have been surveyed and their quality and quantity have been determined for utilisation. The development of these resources depends upon technology and feasibility.
iii) Stock- Stock are the materials in the environment which have the potential to satisfy human needs. However, human beings do not have the appropriate technology to access these resources.
iv) Reserves- These are stocks of resources that can be put to use with existing technology. However, their use has not yet been started. They can be used to meet future requirements.
Resources are classified on the basis of status of development in the following categories:
i) Potential Resources- These are resources that have been found in a region but not yet been fully utilised.
ii) Developed Resources- These are resources which have been surveyed and their quality and quantity have been determined for utilisation. The development of these resources depends upon technology and feasibility.
iii) Stock- Stock are the materials in the environment which have the potential to satisfy human needs. However, human beings do not have the appropriate technology to access these resources.
iv) Reserves- These are stocks of resources that can be put to use with existing technology. However, their use has not yet been started. They can be used to meet future requirements.
