278) The great distinction of circumnavigating the world goes to the navigator

279) With the help of the Spanish King, Charles II, _____ started the historic journey in September 1519 A.D. and after two years landed at the Islands of Philippines where he was killed by the natives.

280) _____ coined the term ′mercantile system′ to describe the system of political economy that sought to enrich the country by restraining imports and encouraging exports.

281) The term ′Laissez faire′ was coined by the _____ economic philosophers of the Enlightenment (Physiocrates).

282) John Stuart Mill, a ....philosopher and economist led the utilitarian movement in 1800s.