Question

What do you mean by resources? on what basis the resources are classified?

Answer 1

Dear Student,
Answer to your question is as follows :

RESOURCES
Everything or Anything available in our environment which can be used to satisfy our needs can be termed as Resources.
Provided, they are technologically accessible, economically feasible and culturally acceptable.
Resources are a function of human activities.
Human beings themselves are an essential components of Resources.
They transform material available in our environment into resources and use them.

Resources can be classified in following ways :

On the basis of Origin

• Biotic and
• Abiotic.

On the basis of Exhaustibility

• Renewable and
• Non-Renewable.

On the basis of Ownership

• Individual,
• Community.
• National and
• International.

On the basis of status of Development

• Potential,
• Developed Stock and
• Reserves.

Regards