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.

Education in Georgia is partially financed for those people pursuing education between ages 18 and 35 years. This system enables students to acquire practical skills and knowledge which helps the whole world face the challenges of the 21st century.

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.