Question

Which of the following is an example of a labor resource? money available to be invested in a company water held in a reservoir a city’s population electricity produced by a nearby power plant

Answer 1

An example of a labour resource is a city's population.

• The population of a city is the indicator of how much labour resource that city has.
• When a city has a higher population, more people are willing to work therefore making the wage competitive which is an advantage for the business.
• The more number of people in a city means that more number of cheap labour.

Therefore, a city's population is an example of a labour resource.