Answer :
An editor wants to increase the amount of content published in their magazine. The editor hires four writers and an experienced proofreader. The resource type that the editor is expanding is C. Labor
What is labor?
The labor put forth to produce any goods or services is referred to as labor in economics. It encompasses all forms of human labor, including those performed for financial gain and involving physical, mental, or intellectual effort.
Examples of labor-intensive industries include the fashion industry, teaching, home construction, and hairdressing. A business that converts inputs into outputs primarily through the use of technology and machinery is said to operate in a capital-intensive industry.
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The editor is expanding the labor resource type by hiring four writers and a proofreader. Labor refers to the human effort in producing goods and services. Hence, the increase in writers and proofreader adds to the magazine's human capital.
Labor refers to the human effort used in the production of goods and services.
- By adding more writers and a proofreader, the editor is increasing the human capital available to produce and refine the magazine's content.
- Other resource types such as capital, land, and entrepreneurship were not directly increased by these hirings.
- Capital would involve investments in equipment or technology, land includes natural resources, and entrepreneurship involves the initiative to start and manage businesses.