In this study we aim to analyze the specifics of economic education, the primary goals and objectives, the levels of competence, but also the way of developing competence and entrepreneurial spirit. The fundamental task of economic education is the continuous formation of the individual as a subject of economic activity, the creation of new economic conditions and the enhancement of present and future viability. The entrepreneurial component of economic education includes qualities and skills that will help achieve success in professional activity, including those related to solving business problems. An economically educated person must have knowledge to apply in the decision-making process, be able to evaluate and take responsibility for the consequences of the decisions made, actively participate in economic activities, guided by accepted ethical values and moral principles in society.