Question

statistics in economics

Answer 1

Economic statistics is a topic in applied statistics that concerns the collection, processing, compilation, dissemination, and analysis of economic data. It is also common to call the data themselves 'economic statistics', but for this usage see economic data

Answer 2

Economics is defined as the study of how people behave withregard to the production and consumption of goods.
As a social science, economics attempts to describetrends in consumer markets, such as wealth acquisition and transfer.