Which of the following is NOT considered an economic resource?

Economic resources are essential elements used in the production of goods and services, which are typically classified into three main categories: land, labor, and capital. Each of these categories comprises tangible and intangible resources that contribute directly to economic production.

Capital refers to the tools, equipment, and buildings used in the production process, while labor represents the human effort involved in creating goods and services. Land encompasses all natural resources that are used in the production of goods, like minerals, forests, and water.

Business strategy, on the other hand, is more of a conceptual framework that guides how a business positions itself in the marketplace, how it competes, and how it plans to achieve its goals. While a solid business strategy can lead to effective utilization of economic resources, it does not itself constitute a resource in the same tangible or physical manner as land, labor, and capital. Therefore, business strategy is not classified as an economic resource.