Give the difference between primary and secondary data and its sources.

Basis Primary Data Secondary Data
Meaning Primary data is the data that is collected for the first time through personal experiences or evidence, particularly for research. It is also described as raw data or first-hand information. Secondary data is a second-hand data that is already collected and recorded by some researchers for their purpose
Time and Cost of Collecting  Method of gathering primary data is costly and saves time consuming. This method of gathering data is affordable, readily available, and saves cost and time
Sources of data The data is mostly collected through observations, physical testing, mailed questionnaires, surveys, personal interviews, telephonic interviews, case studies, and focus groups, etc. Secondary data is collected from different sources such as government publications, censuses, internal records of the organisation, books, journal articles, websites and reports, etc.


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