H.R. Economic Model
Human Resource Economic Model is an Indian economic model for a new source of investment through the direct conversion of human resources into a monetary fund.[1][2] It is a next-generation economic concept. H.R. Economic Model is considered as a new economic system/technology against Capitalism and Communism/Socialism.[3][4]
H.R. Economic system provides the aforesaid intellectual capability to Humankind.[5]
There are various types of economic systems available in the public domain, whereas Capitalism & Communism are considered as two major Economic systems. Adam Smith is called the father of Capitalism, and Karl Marx is called the father of Communism.[2]
Principles
There are four basic principles of the model[3][2]
- Human Resources are the worthiest assets worldwide.
- Human Resources are to be valued.
- If after adding all valuations on a single point, it may be convertible into a monetary fund.
- These valuations shall be part of the State Capital Account.
Tools
A new economic system in terms of the Manpower Grid Economic concept and various tools in support of the H.R. Economic Model.[3][1][5][2]
- State H.R. Capital Account
- Valuation methods of H.R.
- H.R. Accounting standards
- H.R. Economic standards
- H.R. Coefficient
References
- ↑ 1.0 1.1 "Whether India is loosing 15 trillion dollars economic opportunity". News24 English. 18 July 2020.
- ↑ 2.0 2.1 2.2 2.3 Mathawan, Rohan (24 July 2020). "In nearby future, World going to economically polarized towards the New Pole, shifting from Capitalism or Communism?". TechStory.
- ↑ 3.0 3.1 3.2 Sharma, Deepak (10 June 2021). "Human Resource Economic Model (2014)". wipo.int.
- ↑ "Proposal Sent To PMO, Finance Ministry To Boost Economy & Employment, Says Deepak Sharma". news.abplive.com. 7 May 2020.
- ↑ 5.0 5.1 "Is H.R. Economic Model sufficient to further establish India on world Economic platform - Deepak Sharma". News Nation English.
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