Published April 2023, Pg. 48-54

Section: Economy, management and law

UOT: 338.23

DOI: 10.37474/0365-8554/ 2023-04-48-54

Human capital: concept formation and major stages

M.A. Rzayev Cand. in Ec. Sc. - Azerbaijan State University of Oil and Industry

A successful technological advancement, wide initiative of the population in the sphere of the development of its potential and steady economic upturn characterize a successful growth of the society. These base principles promote the transition to a new social-economic formation – the economy of the post-industrial type.
The successful economy of post-industrial type depends on the labor productivity, talent, knowledge, competency etc., which build the national industrial system.

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