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What are main sources of data

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What are main sources of data

Posted by Nidhish Kashmiri 5 years, 2 months ago

CBSE > Class 11 > Economics

1 answers

Yogita Ingle 5 years, 2 months ago

Following are the two sources of data:

1. Internal Source

When data are collected from reports and records of the organization itself, it is known as the internal source.
For example, a company publishes its ‘Annual Report’ on Profit and Loss, Total Sales, Loans, Wages etc.

2. External Source

When data are collected from outside the organization, it is known as the external source.
For example, if a Tour and Travels Company obtains information on ‘KarnatakaTourism’ from Karnataka Transport Corporation, it would be known as external sources of data.

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