Question

Collection of primary data is more economical than secondary data. True or false

Answer 1

Dear Student,

This statement is false. The collection of secondary data is more economical than primary data. This is because secondary data is already collected by someone else, so the researcher is not required to devote time, energy, and money for that data. sometimes, the secondary data must be purchased by the researcher, but that cost is still low as compared to primary data.

Regards.