Based on Distribution
On the basis of the distribution of resources, resources can be classified as localised resources and universal resources.
When resources are present in a specific region, they are called localised resources. E.g., Minerals.
Some resources are present everywhere; such resources are called universal resources. E.g., Sunlight and air.
Based on Ownership
Based on ownership, resources can be classified into Individual resources, Community-owned resources, National resources and International resources.
- Individual resources - privately owned by individuals. E.g., Apartments.
- Community-owned resources - can be utilised by all the members of the community. E.g., Public parks.
- National resources- within the political boundaries and oceanic area of acountry. E.g., Tropical forest regions of India
- International resources: All oceanic resources found in the open ocean. Resources found in this region can be utilised only after an international agreement. E.g., Ambergris
Ambergris is extracted from the sperm whale. One pound (0.454kg) of sweet-smelling ambergris is worth US $63,000. It is used in perfume industries.
Tropical rain forests are also called the ‘World’s largest Pharmacy’. Twenty five percentage of its natural vegetation are medicinal plants.