Conceptual Analysis of Education Role in Economics: The Human Capital Theory
Journal: Journal of History Culture and Art Research
Year: 2019

The article deals with theoretical issues of building the human potential that is necessary for economic growth and social development. There are some theories, differently interpreting the role of education and the issue of demand for individuals in the labor market. In recent decades, the human capital theory has come to the fore. According to it, human capital rises due to a number of reasons, but the key factor is the educational level of the individual.There have been analyzed views of prom