Human capital as an economic category and a factor for assessing and predicting the need for personnel in the process of labor market development of Republic of Uzbekistan

Abstract

The purpose of this article is to examine the theoretical and practical foundations of human capital as an economic category and a factor in labor market development. It also assesses the effectiveness of human capital management, taking into account the specific features of a region’s innovative development—aspects that emerge during the process of evaluating and forecasting workforce requirements within the labor economics system. The article explores issues surrounding human capital in the modern economy, specifically those related to its effective capitalization, the optimal utilization of internal and external investment sources for various forms of employment, and the evolving requirements for professional competencies.