What is meant by resources? Mention the four basis to classify the resources

What is meant by resources? Mention the four basis to classify the resources.

Everything available in our environment which can be used to satisfy our needs is called a resource. It should be technologically accessible, economically feasible and culturally acceptable. Only then, it can be termed as a ‘Resource’.
Resources can be classified in the following four ways :

  1. On the basis of origin:
    • Biotic
    • Abiotic.
  2. On the basis of exhaustibility:
    • Renewable
    • Non-renewable.
  3. On the basis of ownership:
    • Individual
    • Community
    • National
    • International.
  4. On the basis of status of development:
    • Potential
    • Developed
    • Reserve
    • Stock
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