Investments in human capital in agriculture

Abstract

The efficiency of the functioning of agricultural enterprises largely depends on the effective use of the labor potential available to the enterprise. Labor capital defines the basis for the formation of labor potential. Labor capital depends on the acquired skills, knowledge, and skills in the process of professional retraining, training, and self-education. At the same time , the condition for the effective realization of an individual 's labor potential is his biophysical potential , his tendency to bad habits , or vice versa , commitment to a healthy lifestyle . The efficiency of the use of labor capital largely depends on the economic conditions of the habitat, the development of the health protection system, and the promotion of a healthy lifestyle among the population. The effective use of labor capital is also closely correlated with people 's motivation . In the presence of proper motivation, a person not only performs his professional duties more efficiently, but also strives for self-education, acquisition of new skills and abilities. Stable economic growth rates are possible with effective investments in human capital. Investments in human capital create prerequisites for career growth, a decent level of remuneration and a high quality of life.