Abstract
A key factor in modern economic growth is investment in people and in the development of human capital, as evidenced by the experience of many countries. Investments in human capital create conditions for sustainable economic growth, constant adaptation of the socio-economic structure to new areas of scientific and technological progress. In addition, investments in people form demand in many adjacent sectors, thereby causing a significant multiplier effect. Currently, the role of the state in this area is quite large. The role of the state is especially great in the most important spheres of the formation of human capital - in the field of education, health care and the allocation of research.
Highlights
The theory of human capital proceeds from the assumption that capital is a certain stock of goods that, by accumulating, brings income through investment
The theory of human capital implies a certain relationship between the level of education, physical health, quality of education, the volume of production experience and wages, and as a result, the accumulation of human capital in a country directly affects the level of competitiveness of its economy and economic growth
This study proposes to highlight the following types of investment in human capital:
Summary
The theory of human capital proceeds from the assumption that capital is a certain stock of goods that, by accumulating, brings income through investment. The theory of human capital implies a certain relationship between the level of education, physical health, quality of education, the volume of production experience and wages, and as a result, the accumulation of human capital in a country directly affects the level of competitiveness of its economy and economic growth. The application of the term investment to the costs of creating a qualitatively new workforce contributed to the departure from the perception of these costs as consumer These costs were recognized as productive, as investing in a person brings a tangible long-term economic effect
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