Improve precision of wording and delete unneeded sentence.

Author: sandersn

pages/Declaration Merging.md

@@ -14,10 +14,9 @@ Declaration merging is not limited to just two declarations, as any number of de
 # Basic Concepts
 
 In TypeScript, a declaration creates objects in at least one of three groups: namespace, type, or value.
-Namespace-creating declarations create a namespace, which contains types that are accessed using a dotted notation.
+Namespace-creating declarations create a namespace, which contains names that are accessed using a dotted notation.
 Type-creating declarations do just that: they create a type that is visible with the declared shape and bound to the given name.
 Lastly, value-creating declarations create values that are visible in the output JavaScript.
-Functions and variables are the simplest value-creating declarations, but namespaces and classes also create values.
 
 | Declaration Type | Namespace | Type | Value |
 |------------------|:---------:|:----:|:-----:|