Collection of Data
ICSE · Class 11 · Economics
Complete topic list for Collection of Data in ICSE Class 11 Economics. Key concepts, sub-topics, and what to focus on for board exams.
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Topics in Collection of Data
1. Primary and Secondary Data
- Primary data are original, first-hand data collected for the first time for a specified purpose.
- Secondary data are data collected by someone else and used by another person.
- Published data are necessarily secondary data.
2. Sources of Data
- There are two main sources of data: internal sources and external sources.
- Internal data come from internal reports and records of an organisation.
- Internal data are under the control of the business.
3. Methods of Collecting Primary Data
- Primary data can be collected by five methods: direct personal investigation, indirect oral investigation, information through correspondents, mailed questionnaire, and questionnaire through personal
- Telephone interviews are cheaper and quicker than personal interviews but depend on telephone availability.
- Direct personal investigation means the investigator goes to the field and collects data personally.
4. Essentials of a Good Questionnaire
- A good questionnaire is a key instrument for collecting primary data from many persons.
- It should have a covering letter that explains the purpose of the survey.
- Questions should be simple, short, and clearly worded.
Key Concepts
Central concept: Collection of Data in Economics
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