Describe a suitable classification for resources on the basis of ownership

CBSE Class 10 CBSE Class 10 Social Science
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1

Describe a suitable classification for resources on the basis of ownership. Mention main features of any three types of such resources.

2

Classification of resources on the basis of ownership:

  1. Individual
  2. Community
  3. National
  4. International

Individual Resources: These are also owned privately by individuals. Many farmers own land which is allotted to them by government against the payment of revenue.
Community Owned Resources: There are resources which are accessible to all the members of the community. For example Village Commons (ponds, grazing grounds, etc.), public parks, picnic spots, etc.
National Resources: Technically all the resources belong to nation. The country has legal powers to acquire even private property for public good.
International Resources: There are international institutions which regulate some resources. The oceanic resources beyond 200 nautical miles of the Exclusive Economic Zone belong to open ocean and no individual country can utilise these without the concurrence of international institutions.