THE ECONOMIC NEWS




Statistics
The word of statistics means that is collection of data This word also resembles with the Italian word Statista German word statistic and French word ‘statuesque’ carrying the same meaning of a state however for the first time the word was introduced by professor Gottfried achenial (1719-1772) and J.F. von Bradfield (1770) in their famous work, “Elements of Universal Erudition.” 

            The rules of the state used this as an instruments in their administration and military affairs which needed various information relating to population ,revenue, and enemy’s strategy etc.


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