Primary Data Consist of Information That Already Exists Somewhere,having Been

question 35

True/False

Primary data consist of information that already exists somewhere,having been collected for another purpose.

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Definitions:

Positive

Characterized by presence or possession; affirming an increase or addition in economics.

Explanation

A statement or account that makes something clear or understandable, often providing reasons for actions, decisions, or phenomena.

Normative Statement

A proposition that expresses a value judgment or opinion about what ought to be, rather than what is empirically verifiable.

Income Distribution

The way in which total income is shared among the population or different sectors of an economy.