Economic class 11 collection of data
Understand the Problem
The question is asking about the collection of data within the context of an economics class for 11th grade. This likely pertains to methods of data collection for economic analysis or research.
Answer
Collection of data involves systematic gathering and measurement through methods such as observations, surveys, and interviews.
The final answer is Collection of data involves gathering and measuring data systematically to analyze variables of interest. Methods include observations, surveys, interviews, and using primary and secondary sources.
Answer for screen readers
The final answer is Collection of data involves gathering and measuring data systematically to analyze variables of interest. Methods include observations, surveys, interviews, and using primary and secondary sources.
More Information
Data collection is crucial for analyzing economic variables and making informed decisions. Methods vary from direct personal interviews to using existing data sources, classified as primary and secondary data.
Tips
A common mistake is confusing primary and secondary data. Primary data is collected firsthand, while secondary data is already available from other sources.
Sources
- Class 11 Statistics for Economics Terms - Chapter 2: Collection of Data - byjus.com
- CBSE Class 11: Economics- Collection of Data - Unacademy - unacademy.com
- Statistics for Economics Class 11 Notes Chapter 2 - learncbse.in
