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.

Achieving high scores on A-levels is important for UK students who wish to enter university. Institutions of higher learning use the results of these exams to decide if a student is prepared to study at their program.