THE LABOUR POTENTIAL AS A FACTOR OF ECONOMIC GROWTH

This article discusses various aspects of the impact of existing employment potential in the economic growth in the activity of enterprises, organizations and institutions. On the basis of the factual materials the relationship and interdependence of human capital with the means and objects of labor is analyzed. In addition, the semantic meanings of the concept as “labor”, “labor resources”, “labor potential”, “human capital”, “labor efficiency” and other categories, which ultimately have a significant impact on the efficiency of their use, are critically analyzed. The article focuses mainly on the fact that economic growth is possible not through the use of means of production and objects of labor, but mainly, and above all, rational and effective use of labor potential in all its manifestations in the sectors of the economy. In this case, the labor potential is considered in relation to the activities of the economic entity and its development strategy. The authors of the article are based on the opinion that the methodological basis for the recognition of the decisive role of labor potential, as well as human capital, is the level of qualification and knowledge of a particular individual. To substantiate the thesis about the impact of effective use of labor potential on economic growth, the authors refer to real examples of economically developed countries such as Singapore, Holland, Hong Kong, Israel, France and others. In these countries, the level of workers is estimated higher than the means of production and technological progress. In conclusion a number of specific recommendations for practical application is given.

human capital, work, potential, means of production, economic growth, efficiency, rationality, адами капитал, еңбек, әлеует, өндіріс құралдары, экономикалық өсу, тиімділік, ұтымдылық, человеческий капитал, труд, потенциал, средства производства, экономический рост, эффективность, рациональность