ENTREPRENEURIAL ACTIVITY IN SLOVENIA: THE ROLE OF GENDER AND HOUSEHOLD INCOME.

Entrepreneurial activity is considered an important aspect of the organization of industries most conducive to innovation and unrestricted competition and, at the same time, it is viewed as one of the most important factors in the economic progress of a country. Entrepreneurial activity depends, among other, on several individual factors. This paper investigates the correlation between entrepreneurial activity and individual predictors such as gender and household income based on the data from Global Entrepreneurship Monitor (GEM). The paper aims to help fill the gap in the literature by providing a quantitative analysis of the relationships and effects between entrepreneurial activity, gender, and household income in Slovenia. The empirical results show that the correlations between entrepreneurial activity and gender could not be confirmed, while the correlations between household income and entrepreneurial activity can be demonstrated for the bottom and the top third of the household income category. [ABSTRACT FROM AUTHOR]