" Human Resource Economic Model v/s Capitalism v/s Communism "
H.R. Economic Model (2014)H.R. Economic Model (2014) - An economic system having intellectual capability to valuate the Human Resource and capable to further convert the aforesaid valuation into monetary funds. H.R. Economic Model (2014) is capable to run accounting standards and economic standards simultaneously. H.R. Economic Model (2014) seems to be Next Generation Economic System against previous economic system as Capitalism, Socialism, Communism and Mixed Economy.
CapitalismCapitalism is an economic system based on the private ownership of the means of production and their operation for profit. Characteristics central to capitalism include private property, capital accumulation, wage labor, voluntary exchange, a price system and competitive markets.
SocialismSocialism is a political, social and economic philosophy encompassing a range of economic and social systems characterised by social ownership of the means of production and workers' self-management of enterprises. It includes the political theories and movements associated with such systems.