mention two source of secondary data . Mention two sources of primary data with explanations.
Answers
Explanation:
The following are the two sources of data:
Internal sources
When data is collected from reports and records of the organisation itself, they are known as the internal sources.
For example, a company publishes its annual report’ on profit and loss, total sales, loans, wages, etc.
External sources
When data is collected from sources outside the organisation, they are known as the external sources. For example, if a tour and travel company obtains information on Karnataka tourism from Karnataka Transport Corporation, it would be known as an external source of data.
A) Primary data
Primary data means first-hand information collected by an investigator.
It is collected for the first time.
It is original and more reliable.
For example, the population census conducted by the government of India after every ten years is primary data.