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On the Basis of ownership resources can be classified into:- 
  • a)
    Two Types
  • b)
    Three Types
  • c)
    Four Types
  • d)
    None of these
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
On the Basis of ownership resources can be classified into:-a)Two Type...
Resources On the Basis of Ownership
On the Basis of Ownership 
(A) Individual Resources : Resources which are owned by private individuals are known as individual resources 
Examples : Plot, Fields, House, Car, Book etc. 
(B) Community Resources : Resources which are owned by all members of the community. 
Example : village pond, public parks, play ground etc. 
(C) National Resources : All the resources which are under the control of state or union government. 
Example : All mineral resources, like water, land, forest and wild life.
(D) International Resources : These are international institutions that control all areas which do not belong to any individual country. 
Example : Area beyond the exclusive economic zone belong to the open ocean & no individual country can utilize this area without the permission of international institutions.
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On the Basis of ownership resources can be classified into:-a)Two Type...
Four Types of Resources Based on Ownership:

1. Individual Resources:
Individual resources refer to the resources that are owned and controlled by an individual. These resources include personal belongings such as land, houses, vehicles, and other personal possessions. Individual resources are utilized for personal use and are not shared with others.

2. Community Resources:
Community resources are owned and managed by a community or a group of individuals. These resources are collectively used and accessed by the members of the community. Some examples of community resources include public parks, libraries, community centers, and public transportation systems. These resources are available to all members of the community and are maintained for the common good.

3. National Resources:
National resources are owned and governed by the government of a country. These resources include natural resources such as forests, rivers, minerals, and oil reserves. The government has the authority to regulate the use and distribution of these resources in order to benefit the entire nation. National resources are utilized for the development and welfare of the country as a whole.

4. International Resources:
International resources are owned and managed by multiple countries collectively. These resources include international water bodies, outer space, and certain global assets such as the International Space Station. International resources require collaboration and cooperation among nations for their preservation and utilization.

Conclusion:
Based on ownership, resources can be classified into four types: individual resources, community resources, national resources, and international resources. Each type of resource has its own ownership structure and purpose. Understanding the ownership of resources is important for their sustainable management and equitable distribution.
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