The Role of Education in Organization and Development of Economics in Azerbaijan

Elchin Suleymanov (), Anar Eminov (), Yadulla Hasanli () and Anar Mirzayev ()

Academic Journal of Economic Studies, 2018, vol. 4, issue 2, 45-50

Abstract: There have been different views on the subject since the emergence of economics. As economic science develops, approaches to its subject have also changed. In modern times, the economy is regarded as a science that studies the lawfulness and legitimacy of the effective use of limited resources so as to meet the endless needs of people (Lawrence et al., 2001). Every society must have knowledge to be able to answer three main questions underlying the organization of economics such as, What goods should be produced being aware of limitation of each community resource? How to produce it? and for whom? The organization of the economy that meets these three questions is related to education. Future development of social institutions in developed countries depends on qualitative education. Along with education; there is also a great way of managing human capital. In this article are analyzed the role of education in organization and development of economics in Azerbaijan.

Keywords: Education; economic development; Azerbaijan; managing human capital (search for similar items in EconPapers)
JEL-codes: D80 I25 N30 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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