Resources and its Types on the basis of Ownership


 
 
Concept Explanation
 

Resources and its Types on the basis of Ownership

Resources and its Types on the basis of Ownership:

  • Individual Resources: These are owned privately by individuals. Many farmers own land which is allotted to them by government against the payment of revenue. Urban people own houses, plots and other property.
  • Community-owned Resources: These are resources which are accessible to all the members of the community. For example, grazing grounds, burial grounds, village ponds, etc.
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    Sample Questions
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    Question : 1

    Grazing grounds, burial grounds, village ponds, etc are the examples of ____________ resources

    Right Option : B
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    Question : 2

    On the basis of ownership, plantations can be better considered as which of the following types of resources?

    Right Option : A
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    Question : 3

    ______________  resources are owned privately by individuals.

    Right Option : D
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    Explanation
     
     
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