The name first appears in the Hebrew Bible in the Book of Numbers, 13:13 where Sethur the son of Michael is one of 12 spies sent into the Land of Canaan. Michael features in the Book of Daniel 12:1, as the archangel in romanization, and in the Islamic Quran as Mikaeel.
An economist is an expert who studies the relationship between a society's resources and its production or output. The societies studied may range from the smallest of local communities to an entire nation or even the global economy.
Industrial economics is a distinctive branch of economics which deals with the economic problems of firms. and industries, and their relationship with society. In economic literature it is known by several names with. marginal differences such as âEconomics of Industriesâ, âIndustry and Tradeâ, âIndustrial Organization and. Policyâ, âCommerceâ and âBusiness Economicsâ etc.