InterviewSolution
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What do you mean by secondary data? Describe the various sources of secondary data. |
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Answer» Secondary Data : Secondary data is that which has been collected earlier by an individual or institution and which have been published. The investigator just uses such data. If a investigator has collected some data earlier and another investigator uses the same data for investigation purpose, then this data will be secondary data for the second investigator, rather than being primary data. For example, if an investigator uses data which has been collected and published by the government in context to agriculture, labour, employment, etc. then such data will be considered as secondary data for him. There are two main sources of secondary data : I. Published source : From time-to-time government and non-government organisations collect the data on various topics and get them published. These published data is used by other people for their investigations. Following are the sources of published data:
For example : bulletin of reserve bank, annual reports of industries, etc.
Example : Tata, Birla, Reliance, Unilever, etc.
For example : Economic Times, Business standards, etc. publish important data frequently. II. Unpublished Source : Universities, private institutions and individual researchers collect data for their own personal objective, but due to some reason, these data remain unpublished. These unpublished data can also be used as secondary data. |
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