Nicknamed the “Horse Capital of the World,” the city of Lexington is the second largest in the state of Kentucky with an estimated population of about 305,000. Education here is emphasized and this is reflected in the rankings countrywide of college education rate with close to 40% of residents living here having a bachelor’s degree. With more than eight institutions of higher learning, the city is ranked as among the most literate in the country.

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.

The USA remains the world’s most popular destination for international students. Universities in the US dominate the world rankings and the country also offers a wide variety of exciting study locations. State university systems are partially subsidized by state governments, and may have many campuses spread around the state, with hundreds of thousands of students.

A bachelor's degree is given to students who fulfill the necessary requirements given by the college or university they are attending. The requirements include three to seven years of focus on a subject, typically referred to as a major or concentration.