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    Data are numerical facts. They are figures

    collected in a systematic manner for a pre

    determined purpose. Those figures are

    aggregate of facts relating to one or morephenomenon of study. It is from the data

    collected that an economist study about a

    phenomenon and draw conclusions.

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    The sources of information are generally

    classified as primary or secondary.

    PRIMARY DATAWhen the researcher himself is trying to

    collect the data for his particular purpose

    from the sources available it becomes

    primary data.

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    Observation method

    Interview method

    Questionnaire method Schedule method

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    Observation method as the name itself

    indicates is based on observation.

    Observation is keen and scientific study of a

    problem.For example:- in a study of consumer

    behavior the investigator instead of asking

    the brand of wrist watch used by the

    respondent, may himself look a the watch.

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    Interview method is a direct method of

    collection of data, which is based on

    interview. It is the most important methods

    of collection of data. Through this methodwe can know the views and ideas of other

    persons. It s a method of social interaction.

    Interviews can be conducted through

    personal and telephone.

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    This is an important and very popular method

    of data collection. This is adopted by

    individuals, organization and government. In

    this method, a questionnaire is prepared andsent to respondent by post. It is a set of

    questions. The success of this method

    depends on the proper drafting of the

    questions.

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    It is a proforma containing a set of questions. This

    proforma is filled by enumerators who are specially

    identified for the purpose. The enumerators are

    persons acting under the direction of researchers.Requisite of a good schedule

    Accurate communication

    Schedules must be attractive

    Schedules must be attractive

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    Secondary data are those data which have

    collected by some other person for their

    purpose and published. So a researcher is

    said to make use of secondary data if hemakes use of data already compiled by some

    other person. Secondary data are in the

    shape of a finished products.

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    Sources of secondary data may be classified

    broadly as internal and external. Internal

    sources of data represents the data that arealready available with the research

    organization. The information available with

    outside organization are External.

    There a re variety of published sources fromwhich one can get information for his

    research work.

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    o Official publications of the central, state and localgovernments.

    o Official publication of the foreign governments and

    international bodies like UNO and its subordinate

    bodies.o Technical journals, newspapers, books, periodicals,

    etc.

    o Publication of research organizations, centres,

    institutes and reports submitted by economists,research scholars etc.

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    Primary data are original in character

    because the researcher himself collects the

    data. Secondary data are not original. They

    collected by somebody else. The researcheronly makes use of them.