There is evidence of economic writing that dates all the way back to the Mesopotamian era. The development of modern economics is largely due to two groups which were known as the physiocrats and the mercantilists. These groups help develop capitalism in Europe in the 16th century.

South America It is bordered on the west by the Pacific Ocean and on the north and east by the Atlantic Ocean; North America and the Caribbean Sea lie to the northwest. It includes twelve sovereign states Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador,Guyana, Paraguay, Peru, Suriname, Uruguay, and Venezuela – and two non-sovereign areas – French Guiana, an overseas territory of France, and the Falkland Islands, a British Overseas Territory. In addition to this, Trinidad and Tobago and theABC islands of the Netherlands may also be considered part of South America.

A Master of Science or MSc is a postgraduate degree typically in the fields of sciences and social sciences. MSc may be course-based, research-based, or a mixture of the two.