Answer:
Everything available in our environment which can be used to satisfy our needs is called a Resource. Resources are technological accessible, economically feasible and culturally acceptable. Examples are coal, minerals, forest, land, water, fossil fuels etc. Resources are classified as follows: (i) On the basis of origin (a) Biotic ? living resources like ? plants etc. (b) Abiotic ? Non-living resources like ? solar energy land etc. (ii) On the basis of exhaustibility (a) Renewable ? Which can be recreated like solar energy etc. (b) Non Renewable ? Which cannot be recreate like fossil fuels. (iii) On the basis of ownership (a) Individual (Personal) ? Owned by an individual person. (b) Community ? Owned by the whole community. (c) National ? Owned by a country. (d) International ? Accessed by all nations. (iv) On the basis of status of development. (a) Potential ? Resources which are found in a region, but have not been utilized. (b) Developed ? Which are surveyed and quality and quantity shows the utilization. (c) Reserve ? Which can be used for meeting future requirements. (d) Stock ? Which can not be used due to the lack of appropriate technology to use these resources.
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