Difference between Primary and Secondary Data
(C) Difference between Primary and Secondary Data:
Primary Data |
Secondary Data |
● Collected by the investigator for his own purpose
for the first time ● Collected from the source of origin ● Is original ● First-hand information ● Do not need any adjustment as it is related to a
specific objective of the investigator ● Is costlier in terms of time, money and efforts
involved because it is to be collected for the very first time from its
source of origin |
● Already in existence (not original) ● Data collected by other persons ● Have been collected for some other purpose than
answering of the question in hand ● Second-hand data ● Available in the form of published or unpublished
reports ● Need to be adjusted to suit the objective of study
in hand as data has been collected for some other purpose ● Much less expensive |
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Difference between Primary and Secondary Data | Statistics for Economics | 11th Commerce | by @statomics11comm
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