Economy, asked by dhritimukhyan, 5 hours ago

*Which type of data have less cost of collection?*

1️⃣ Primary
2️⃣ Secondary
3️⃣ Both 1 and 2
4️⃣ None of these.​

Answers

Answered by KakulKumari049
4

Answer:

2.secondary

Explanation:

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Answered by brokendreams
0

(2) Secondary data have less cost of collection.

Definition of Secondary Data;

Secondary Data- the data collected by others rather than the primary user.

Features of Secondary Data;

  • The data is reliable in secondary data. They are easy to access and less costly.
  • They are found in newspapers, E-journals, websites and many more ways. These data are collected by someone else.
  • The data is suitable for the research and the units of collection are mentioned.
  • They are two methods of secondary data;
  1. Quantitative method
  2. Qualitative method

Hence, Secondary Data are much more reliable and cheaper that primary data.

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