EDUCATIONAL SERVICES AS AN ECONOMIC INDICATOR: THE ROLE OF THE HUMAN FACTOR
Keywords:
Keywords. Education, educational services, education sector, development of the education sector, human capital, investing in human capital, investing in the future, qualified labor force, labor market, subjects of educational services, objects of educational services, price of labor, personal development, state educational institutions, paid educational services.Abstract
Abstract. The article examines the importance of educational services as a
significant economic indicator and a factor in the formation of human capital. It
substantiates that, under modern conditions, education should be considered not only
as an element of the social sphere, but also as a strategic resource for the socio-
economic development of the state. Special attention is paid to the role of the human
factor in the system of educational services, including students’ motivation, teaching
quality, social environment, and individual characteristics. Using the Republic of
Uzbekistan as an example, the article analyzes selected indicators of the development
of the education sector, including education expenditure, literacy rate, the number of
higher education institutions, as well as the volume and dynamics of educational
services. The article concludes that the effectiveness of educational services depends
not only on quantitative indicators and the level of financing, but also on the ability of
the education system to form high-quality human capital that meets the needs of the
modern economy.
References
References:
1. Law of the Republic of Uzbekistan “On Education” dated September 23, 2020, No.
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2025.
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8. Becker, G. S. Human Capital: A Theoretical and Empirical Analysis, with Special
Reference to Education. Chicago: University of Chicago Press, 1993.
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