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.
Best Answer: Economics is the study of wealth, choices and the well-being of the community. It has been called the science of wealth and happiness. But it is not a true science because there are no unchangeable laws as there are in maths, physics and chemistry.