FINANCIAL LITERACY AND ENTREPRENEURIAL EDUCATION AS A PREREQUISITE FOR THE DEVELOPMENT OF ENTREPRENEURSHIPIN THE REPUBLIC OF SERBIA AND NORTHERN MACEDONIA
FINANCIAL LITERACY AND ENTREPRENEURIAL EDUCATION AS A PREREQUISITE FOR THE DEVELOPMENT OF ENTREPRENEURSHIPIN THE REPUBLIC OF SERBIA AND NORTHERN MACEDONIA

Summary/Abstract: Entrepreneurship is not a legacy of the new age. It has been present in various forms for centuries. However, in the last fifty years, entrepreneurship has has a a larger focus, and attention is paid to it by entire countries and numerous researchers. It has become a subject of institutional and non-institutional education. The reason for the increased interest in entrepreneurship is primarily its compliance with modern ways of life and work, and it seems that the generations that are maturing accept to an even greater extent the opportunities it offers. Entrepreneurship education and financial literacy, as its key components, are the focus of national education strategies in the Western Balkans. Thus, in the Republic of Serbia and Northern Macedonia, entrepreneurial education and financial literacy have been in the focus in the last ten years. In this context, there has been an increase in the number of seminars and trainings on this topic. There are also numerous associations and organizations that call for starting a business, as well as numerous initiatives for the introduction of entrepreneurship in all levels of the education system. The primary goal is to awaken the entrepreneurial spirit and innovative way of thinking in the younger population. Through the implementation of elements of financial literacy we should strive to create a good basis for recognizing the chance to start their own business. In the continuation of thia paper, the authors analyze the level of presence of entrepreneurial education and financial education / literacy in the countries of the Western Balkans, with special reference to the current situation in the Republic of Serbia and Northern Macedonia

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