Abstract:

The concepts of growth and development in the economy are considered to be similar. The concept of development, however, is defined in the form of a process of change and transformation that occurs in the social structure, along with the increase in real income. In fact, the development process can be expressed as a concept that also covers growth and is more comprehensive than the achieved growth. The economic development of economies is of great importance when they reach the desired level of development. For this to be achieved, it is inevitable that that society produces knowledge and technology and uses the best of these achieved achievements. In order to produce knowledge, a high level of education and healthy individuals are required. The concept of human capital, which constitutes the essence of the study, is derived from the accumulation of knowledge, skills, and experience of work that comes at the forefront of the classic production factors and contributes concrete to the production process. At the same time, all of these elements facilitate the production process, find new technological applications that will lead to increased production, and effectively use them and contribute to the economic growth process. In the study; in the possibility of economic development, the idea that only physical capital cannot be sufficient as a single factor, the interaction between development and various human capital indicators is shown, a particular assessment of the economy of Turkey is made.

Keywords: