ECONOMICS

Detailed explanation-1: -Data is a collection of facts, such as numbers, words, measurements, observations or even just descriptions of things. It forms the base which is organised and duly analysed to give meaningful information.

Detailed explanation-2: -The Raw Facts and Figures are Called Data. The word raw means that the facts have not yet been processed to get their exact meaning. Data is collected from different sources. It is collected for different purposes. Raw data (sometimes called source data or atomic data) is data that has not been processed for use.

Detailed explanation-3: -Facts and statistics collected together for reference or analysis are referred to as data.

Detailed explanation-4: -Answer: (i) Numerical. According to the definition, a collection of numerical figures giving some particular type of information is called data. (ii) Original. According to the definition, Data obtained in the original form is called raw data.