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 the study of economic transactions between people and groups and politics is the practice of governing.But with a closer look, we can see that the differences are rather superficial after all and that the two are closer than most lead on.henever a politician, government, or activist aims to make some political action, it is always based in an economic foundation and seeks to alter the economic situation in the end. Likewise, when one makes economic decisions, the underlying premise is that he is politically free to do so.