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 resources can be classified as _______________________.

    Right Option : D
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    Question : 3

    Which of the following are correct :

    (a) Individual resources are owned privately by individuals.

    (b) Community-owned Resources are resources which are accessible to all the members of the community. .

    (c) National resources are the resources within the nation.

    Right Option : D
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