Resources owned by individuals are known as:

see full answer

Your Exam Success, Personally Taken Care Of

1:1 expert mentors customize learning to your strength and weaknesses – so you score higher in school , IIT JEE and NEET entrance exams.

An Intiative by Sri Chaitanya

Community-owned resources

National resources

Individual resources

Potential resources

answer is C.

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

NEET

Foundation JEE

Foundation NEET

CBSE

Detailed Solution

Individual resources are those owned by individuals. It is a classification of resources based on ownership. Such resources are not accessible to others. A plot of land owned by someone is an example of an individual resource. Since it is the private property of someone, individual resources can also be called private resources. The influence of capitalism in a country can be determined by the distribution of individual resources that act as indicators of a capitalist country. Houses, plots, books, pens, and such articles are individual resources. Community-owned, national, and international resources are other resources based on their ownership. These resources are vital for development.

Watch 3-min video & get full concept clarity