The document discusses how entrepreneurship positively impacts economic growth and reduces unemployment in Europe. It states that Europe lacks entrepreneurship compared to the US, with fewer new businesses starting and smaller business growth in Europe. This negatively impacts Europe's economy. The document suggests that education and training can encourage more entrepreneurship in Europe by fostering the right mindset and awareness of entrepreneurial careers. However, many Europeans currently lack the confidence and skills to pursue entrepreneurship despite expressing interest.

1. Effects on Europe’s Economy

2. starting your own business inventing something new a spirit of creative thinking and innovation that embraces an entire organization

3. Entrepreneurship creates jobs and reduces unemployment. Research suggests that entrepreneurship provides a positive contribution to economic growth. Entrepreneurship can also play a positive role in delivering health, education and welfare services.

4. Europe ‘s lack of Entrepreneurship negatively impacts its economy. Europe needs more new businesses in order to increase employment and improve economically.

5. Compared to the US, there is less entrepreneurial development in the European Union. Europeans are less involved than Americans in new entrepreneurial initiatives and European businesses do not grow as much as in the US.

6. Some Europeans feel that there are too many risks involved when starting a new business or organization (Entrepreneurship) The risks are… Going bankrupt Losing personal property

7. Education and training should contribute to encouraging entrepreneurship, by fostering the right mindset, awareness of career opportunities as an entrepreneur. The more Europeans know about starting their own business, increases the likelihood of them becoming an entrepreneur.

8. Although many people in Europe express a preference for being an entrepreneur, many lack the confidence and skills to turn their ambitions into action. Young people should be exposed to entrepreneurship and be supported, along with their educational trainers, in developing entrepreneurship skills.