define statistics in economics

Statistics can be defined in its plural sense or in its singular sense.

In the plural sense, statistics refers to the systematic collection of numerical facts. It indicates information in terms of numbers or numerical data such as employment statistics and population statistics.
In the singular sense, statistics refers to the science of studying statistical methods. It indicates the techniques or methods of collecting, organising, presenting, analysing and interpreting data.  

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stastics are quantative information which are informative about any topic
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