Question

what are the basis of classification of resource?

Answer 1

Resources are divided into Natural Resources, Human made resources and Human Resources.

Natural resources-like coal and petrol, wood and water are directly drawn from nature.

Natural Resources can further be divided as following:

• On the basis of Development- Resources can be divided into Actual and Potential resources. We know the exact quantity of the resources of the Actual resources, eg. Petroleum in West Asia, for the latter we are not aware of the actual amount and they can be used in the future too, eg, wind.

• On the Basis of Origin- Resources can be biotic or abiotic. Biotic resources like animals are living. Abiotic resources are non-living like coal.

• On the Basis of Stock- Renewable resources can be used again and again and are unlimited in stock, like water, soil. Non-renewable source have a limited stock, eg, petroleum.

Human Made Resources- Sometimes natural resources are made useful only with human intervention, e.g. the extraction of iron from Iron ore.

Human Resources-Humans are also resources who make possible the use of natural resources.