Define types of resources

Classification of Resources : On the basis of Origin

1. Biotic Resources: All living organisms in our environment are called biotic resources. For example, trees, animals, insects, etc.
2. Abiotic Resources: All non-living things present in our environment are termed as abiotic resources. For example – earth, air, water, metals, rocks, etc.

Classification of Resources: On the basis of Exhaustibility:

1. Renewable Resources: Resources that can be replenished after a short period of time are called Renewable Resources. For example – agricultural crops, water, forest, wildlife, etc.
2. Non-renewable Resources: Resources which takes million years of time to replenish are called non-renewable resources. For example – fossil fuel.

Classification of Resources: On the Basis of ownership:

1. Individual: Resources owned by individuals are called Individual Resources. For example – land owned by farmers, house, etc.
2. Community: Resources owned by community or society are called Community Owned Resources. For example – Graveyard, grazing land, ponds, burial grounds, park, etc.
3. National Resources: Resources owned by Individual Nations are called National Resources. For example – Government land, Roads, canals, railway, etc.
4. International Resources: Resources regulate by International bodies are called International Resources. For example – Ocean and sea beyond 200 km of the Exclusive Economic Zone and is called open sea or ocean. No individual country can utilize these resources without the permission of International bodies.