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    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.

    Macau has one of the strongest higher learning regulating authority. This authority ensures the quality of university education is up to the international standards. Macau supervise over 100 higher education facilities across Macau.