The Multidimensionality of the Concepts of Human Resources, Labor Resources and Human Capital in Economic Theory
The Multidimensionality of the Concepts of Human Resources, Labor Resources and Human Capital in Economic Theory

Summary/Abstract: In the conditions of the transition to the market economy, the model of economic development has profoundly changed the real requirements of the market, which led to the deepening of the reform process to deepen the problems faced by the human factor. The fact that labor or labor is the essential factor of development or progress is indisputable - labor is the main productive force (productive, creative, including economic value) at all stages of its evolution. Economic and social development or economic and social progress, in turn, entails a favorable evolution of labor or labor force. As a result, the two terms of the correlation are mutually reinforcing. Research states that education leads to increased individual income; that it is positively correlated with macroeconomic growth; that it is strongly linked to the reduction of poverty, illiteracy and income inequality; and that it has important complementary effects on achieving fewer children and lower infant mortality rates, better nutrition, and building democratic societies.

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