What is primary and secondary data
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Primary data is the type of data that is collected by researchers directly from main sources while secondary data is the data that has already been collected through primary sources and made readily available for researchers to use for their own research.
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An economy is an area of the production, distribution and trade, as well as consumption of goods and services by different agents. In general, it is defined 'as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources'.
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