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CLASSIFICATION OF RESOURCES

CLASSIFICATION OF RESOURCES           

Resources may be looked upon from several angles, and, hence, may be classified in different ways which are : (a) presence or absence of inanimate matters, (b) exhaustible or inexhaustible, (c) ownership and (d) distribution.

(a) Inanimate resources exist in solid, liquid or gaseous forms. Water, fuel, minerals, metallic are some of the examples. Animate resources are comprised of those derived out of man, animal, fishes etc.

(b) Resources may be classified as exhaustible and inexhaustible. Exhaustible or fund resources refer to those which diminish in the process of utilisation, for example, coal, iron ore, petroleum and she like. Again some natural things are self-renewable and their supplies continue perennially. The climatic seasons or the periodic rainfall of a region will unmistakably rotate for year after year. The velocity of flowing water which yields hydel power is permanent. Forests, if judiciously exploited, are also a flow resources.

(c) The nature of ownership also classifies resources into three main categories – individual, national and international. Individual or personal resources include one’s material possessions like cash, land, buildings etc. His personal qualities such as his moral character, knowledge and skill, good health are again individual resources. National resources are the sum total of all the individual resources owned by the denizens of a country. At the same time, resources owned collectively by the nation such as, public parks, state railways, forests, country’s mineral deposits, water power potentiality, state owned river valley projects and such invisible things as national character favourable for social welfare are national resources. International resources, quite understandably, consist of the material and non-material things of the world, leading to the welfare of the human race.

(d) On the basis of distribution resources may be ubiquitous or they may be localised. Ubiquitous resources refers to those occurring everywhere, such as , oxygen in the atmosphere or sunshine. Localised resources are concentrated at specific places, exercising great influence on the development of human economic activities. These are coal, iron ore, bauxite and many others.

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