5.1 Entrepreneurship
Why is it significant?
Entrepreneurship is the ability to seize new business opportunities and one way of exploiting new market opportunities is to start new enterprises.
	How does the UK perform?
	The Global Entrepreneurship Monitor (GEM) 2003 looks at whether the level of entrepreneurial activity varied between countries and found that the UK performed better than Germany, Italy, France and Japan but significantly below Canada and the US (chart 5.1).