Transition period, experienced by many countries, has been reflected on the loss of the job security reckoned to be the utmost achievement of the socialist and non-market economies. Instead, the labour market trends and changes during 1990s caused many employees to lose their jobs not only as the surplus work force but as an economic surplus as well. At the same time, new job opportunities decreased, which was primarily reflected on the female labour. Therefore, self-employment has become the main source of new employment that, at the same time, contributes to unemployment rate reduction in many countries. One can conclude that the level of female entrepreneurs’ participation in economic development of transition countries is largely related to the conditions in which they work, to support provided by their state, to development of legal regulations and to the rate at which the economic reforms are implemented. With respect to this, one can make clear distinctions between transition countries in which reforms are implemented more slowly and those ones in which such process is carried out more quickly. It is hard to generalize and make a sole conclusion for the most of transition economies. Therefore, the authors specifically chose to analyse and examine the example of Bosnia and Herzegovina, which with its specificities differs from some other countries in the region. There is a strong synergy in Bosnia and Herzegovina between a social role of the woman, her education, profession and position in labour marke
