It creates wealth for an entrepreneur by creating jobs for people. People tend to start a new business with innovations such as offering the best quality product at a low price so that they can save money and get the best product. This strengthens the economy of an country.
The Global Entrepreneurship Monitor (2000 and 2004) concludes that there is a strong relationship between enterprise activity and economic growth, defined as start-up activities. In the study, it is claimed that this definition of entrepreneurship is the single most important factor for economic growth. Similarly, based on the empirical work carried out by the Commission of the European Commission (February 2006), “Europe is eager to pursue more economic growth, newer firms, more entrepreneurial innovative initiatives if it wants to sustain its social model successfully. And SMEs with higher growth “.
The education system plays a critical role in the economic progress of the nations as it is the main developer of human resources. Although the European Commission’s Directorate-General for Enterprise and Industry reports that entrepreneurship is included in national curricula for vocational training in the majority of European countries, at least some degree and in some countries, a common curriculum that can be adapted for 90% to 100%.
Nevertheless, the quality of education available at the global level and especially in emerging economies leaves much to be desired. Focused learning is focused and the education system does not actively encourage students to think and take responsibility for themselves. The result is that education is seriously hampered by such an education as a tool for personal development. Although the European Commission’s Directorate-General for Enterprise and Industry has reported that entrepreneurship is included in national curricula for vocational training, 90% to 100% of vocational training students are participating in at least some of the European countries in most European countries. In entrepreneurship programs, It is not possible to adapt it to European countries. Most of the cases, studies and initiatives on entrepreneurship education in VET are limited at the national level. This results in large disparities between countries and gaps in density and activity. With this project, countries will have a better understanding of countries’ inadequacy in vocational education and training in entrepreneurship education, good practice in purchasing and joint entrepreneurship curriculum. Identification of deficiencies and sharing of best practices on an international basis to remove these shortcomings will serve the European Union’s integrated economy.