Question

Give one example of the Community Owned Resources.

Answer 1

Hint:Resources are a variety of stocks that can be drawn on by a person or organization for the purpose and commit strategies and plans. Resources can be in the form of money, material, staff, vehicle, pool, building, pond, etc. Based on ownership the resources are classified as individual owned resources and community-owned resources.

Complete answer:
Individual resources are acquired by a certain individual or a single person e.g. a car owned by a single person is said to be individual. This resource cannot be utilized by any other person without the authorization of the owner. Whereas in community-owned resources, they mean a group that assists a regional geographical area or association of people by giving tools to help that society evolve in positive ways and enhance the integrity and quality of life for the people of that society. As such, community resources can be operated or funded by the government, non-profit groups, or even individuals and serve the community in different ways. An example of a community-based resource is a village well. It is meant for the people of the village or and not a single individual owns the well on his own and it is easily accessible to everyone living in the village.

Note: The resources serve an incredible element in human life and we need resources in day-to-day life either it is an individual resource or a community-based resource. They play a vital role in the life of a human.