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Sources - Collection of Primary and Secondary Data Video Lecture | Economics Class 11 - Commerce

FAQs on Sources - Collection of Primary and Secondary Data Video Lecture - Economics Class 11 - Commerce

1. What is the difference between primary and secondary data?
Ans. Primary data is data collected firsthand by the researcher, while secondary data is data that has been already collected by someone else for a different purpose.
2. How can primary data be collected?
Ans. Primary data can be collected through methods such as surveys, interviews, observations, and experiments.
3. What are some examples of secondary data sources?
Ans. Secondary data sources include government publications, academic journals, market research reports, and online databases.
4. Why is it important to use a combination of primary and secondary data in research?
Ans. Using a combination of primary and secondary data allows researchers to validate findings, gain a more comprehensive understanding of the topic, and provide a more robust analysis.
5. What are the advantages of using secondary data in research?
Ans. Some advantages of using secondary data in research include cost-effectiveness, time-efficiency, and access to a wide range of existing information.
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