Difference between primary and secondary data

1.	Difference between primary and secondary data
Answer» \tPrimary DataSecondary DataPrimary data are those that are collected for the first time.Secondary data refer to those data that have already been collected by some other person.These are\xa0original because these are collected by the investigator for the first time.These\xa0are not original because someone else has collected these for his own purpose.These\xa0are in the form of raw materials.These\xa0are in the finished form.These\xa0are more reliable and suitable for the enquiry because these are collected for a particular purpose.These are\xa0less reliable and less suitable as someone else has collected the data which may not perfectly match our purpose.Collecting primary data is quite expensive both in the terms of time and money.Secondary data requires less time and money; hence it is economical.No particular precaution or editing is required while using the primary data as these were collected with a definite purpose.Both precaution and editing are essential as secondary data were collected by someone else for his own purpose.\t

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