Importance of Entrepreneurship and Financial Literacy in the Socio-Economic Prog¬ress and Personal Growth of Young People in the Slovak Republic Cover Image

Význam podnikavosti a finančnej gramotnosti v socioekonomickom a osobnom rozvoji mladých ľudí v Slovenskej republike
Importance of Entrepreneurship and Financial Literacy in the Socio-Economic Prog¬ress and Personal Growth of Young People in the Slovak Republic

Author(s): Ľudmila Velichová, Darina Orbánová
Subject(s): Social Sciences
Published by: Sociologický ústav - Slovenská akadémia vied
Keywords: unemployment of young people; entrepreneurship; intrapreneruship; financial literacy; support programmes of entrepreneurship and financial literacy; business environment

Summary/Abstract: Importance of Entrepreneurship and Financial Literacy in the Socio-Economic Prog¬ress and Personal Growth of Young People in the Slovak Republic. Entrepreneurial capacity of the economy is determined by the abilities and motivation of individuals to start business activity, as well as by positive social perceptions of the business. People are not born as entrepreneurs, but thanks to the social climate and a favourable business environment they are becoming ones. They live in the economics that is a part of the external environment; hence the living environment, which affects their behaviour. The means of implementation of economic behaviour are essential, thus questions of decision-making, selection process and the relationship between what people say and how they actually behave, as well as the purpose their behaviour leads to. The present society puts great emphasis on knowledge and ability to utilize its potential in practise. The issue of entrepreneurship training, supporting the spirit of enterprise, business potential, the related financial education and raising financial literacy are nowadays frequently discussed topics in our society. They are object of attention to the European institutions, governments, ministries and other institutions, as well as to providers of formal and informal education. Entrepreneurship education and financial literacy support are all-European and global trends that are also enforced in the Slovak Republic. The aim of all support activities is to teach young people, as early as in the process of learning, the ability to see business opportunities, to make use of them after graduation and to apply them in a business, to show them how to manage the risks and to help them to dispose of the necessary financial knowledge and skills. Contemporary theoretical approaches regard entrepreneurship and financial literacy of young people in wider context as important assumptions of individual success, personal initiative and autonomy of individuals, taking in consideration the indisputable role of business environment. Sociológia 2013, Vol 45 (No. 5: 470-488)

  • Issue Year: 45/2013
  • Issue No: 5
  • Page Range: 470-488
  • Page Count: 19
  • Language: Slovak