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.

Bosnia and Herzegovina are amongst the leading world’s higher education with an excellent education, which is a research, student’s interactive and even flexible university education. This country has the best universities in the world such as university of Bosnia and Herzegovina among others.