1.

Differentiate between primary Data and Secondary Data

Answer»

Differences between primary data and Secondary data

Basis of DifferencePrimary DataSecondary Data
1. DefinitionThey are collected for the first time.1. They have already been collected by some other persons.
2. AccuracyThey are accurate2. They lack accuracy
3. Nature of DataThey are in the from of raw data to which statistical method are applied.3. They are in the form of finished products.
4. EditingThey do not require editing.3. They require editing.
5. Time and moneyCollection of Primary data requires a lot of time & money.4. They do not require a lot of time & money.
6. precautionPrecaution is not required in the use of primary data5. Precautions are required in the use of secondary data.


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