ECONOMIC-INSTITUTIONAL ISSUES OF DEVELOPING VOCATIONAL EDUCATION SERVICES IN ACCORDANCE WITH LABOR MARKET NEEDS

Abstract

This article analyzes the theoretical and practical aspects of developing vocational education services in accordance with labor market needs. In the context of the modern economy, the quality of human capital and the competitiveness of labor resources are becoming key factors of economic growth. Therefore, the issue of integrating the vocational education system with labor market needs is gaining particular importance. The study examines the economic essence of vocational education services, labor market transformation, the competency-based approach, and the institutional relationship between education and employment. In addition, international experience in improving the vocational education system and the possibilities of its application in the conditions of Uzbekistan are analyzed.