Question
What are Secondary Data?
Solution
Secondary data is that which has been collected by some other individual or organization and not by the investigator himself. These data are available in the form of published or unpublished reports such as Reserve Bank Bulletin, can be used to known about the money supply in the economy. This is called the secondary data.
In fact, there is no much difference between the primary and secondary data. Data are primary to an individual or institution collecting them, while they are secondary in the hand of others.
