Give two difference between primary data and secondary data.
Difference between primary data and secondary data:
Primary data | Secondary data |
Data is more accurate and thus it is reliable. | Data is not reliable. |
It is collected by the investigator itself. | It is collected by indirect source |
Collection and gathering of data is expensive | Collection and gathering of data is cheap. |
Most of the data is homogeneous | The data is not homogeneous |