Answer :
Final answer:
The editor is expanding the **labor** resource type by hiring writers and a proofreader. This increase in labor allows for more content to be published, which is essential for the magazine's growth. Understanding resource types is key in business management.
Explanation:
Understanding Resource Types
In the scenario provided, the editor is expanding their magazine's content by hiring additional workers, specifically four writers and a proofreader. This action represents an increase in the **labor** resource type.
Resource types can be categorized into four main types: capital, entrepreneurship, labor, and land. Here’s a brief overview:
- Capital: Refers to financial resources or assets used in production.
- Entrepreneurship: Involves the skills and risk-taking necessary to start and manage a business.
- Labor: Represents the human effort and expertise put into the production of goods and services.
- Land: Encompasses the natural resources available for production.
By expanding **labor**, the editor is directly enhancing the ability of the magazine to produce more content, which is a critical component of the production process.
Learn more about resource types here:
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