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.
Economics is a discipline that can help us answer these questions. Economics can actually be defined a few different ways: itâs the study of scarcity, the study of how people use resources, or the study of decision-making. Economics often involves topics like wealth, finance, recessions, and banking, leading to the misconception that economics is all about money and the stock market. Actually, itâs a much broader discipline that helps us understand historical trends, interpret todayâs headlines, and make predictions for coming decades.