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What Is the Basic Difference Between Primary and Secondary Data

question 169

Essay

What is the basic difference between primary and secondary data, and what are the advantages and disadvantages of each?


Definitions:

Repaid

The action of paying back money that has been borrowed, often including an interest component.

Liability Coverage

Insurance that provides protection against claims resulting from injuries and damage to people and/or property.

Negligently

Acting in a careless or thoughtless manner, often resulting in harm or damage to others.

Indemnity

A security or protection against a financial liability or loss.

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