HUMAN CAPITAL IN THE SYSTEM OF ECONOMIC CATEGORIES CONCERNING THE LABOUR MARKET: THEORETICAL ASPECTS

Abstract

Introduction. Questions concerning the labour market organization and regulation are getting more and more actual under the current conditions and require theoretical and methodological research economic categories regarded to this process. In a planned economy such terms as «labour resources», «labour power», «labour potential» were basic. The term «human capital» was unacceptable for the soviet economy whereas this economic category was used widely in foreign economic research. Recently domestic scientists have also paid more attention to this problem. This article is devoted to relations between different economic categories concerning the labour market. Methods. Such methods as dialectical method of cognition of economic processes, methods of scientific abstraction, analysis and synthesis, generalization, structural and functional, and comparative analysis, formalization and monographic methods are used in the article. Results. This study reveals the essence of term «human capital» and shows its features and substantiates the place of this term in the system of economic categories concerning the labour market. Discussion. Studying «human resources» category is very actual and requires further efforts of scientists and practitioners. It is a rather prospective and important direction of research in both theoretical and practical spheres. Human capital should be on the first place in considering questions concerning the labour market. Efficiency of the labour market regulation, an economic growth of the country and improvement of living standards mostly depend on investment in human capital.