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Market relations in education as the factor, which has impact on the quality of human capital

Keywords: Market relations in labour market , demand and supply of education , labour market , qual

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Abstract:

Market relations in Latvian economy increasingly develop in the field of education. Education becomes a special product and people must know how to sell and how to buy it. Graduates’ ability to fit labour market requirements is an important indicator of education quality. Consequently, the education product should meet labour market requirements. Market research data show that employers, education institutions and students have different visions of what the labour market requirements are.

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