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Primary research or field research, is more expensive than secondary research because the material is not already available, hence the researcher must conduct their own research, creating surveys etc, which all cost money. Secondary research or desk research, is already available in libraries, the internet etc so the researcher does not have to conduct research, therfore requiring no/ little money

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Q: Why is primary research more expensive than secondary research?
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Continue Learning about Economics

Is it true that because corporations do not actually raise any funds in secondary markets they are less important to the economy than primary market?

This statement is false. Prices in secondary markets determine the prices that firms issuing securities receive in primary markets. In addition, secondary markets make securities more liquid and thus easier to sell in the primary markets. Therefore, secondary markets are, if anything, more important than primary markets.


Because corporations do not actually raise any funds in secondary markets they are less important to the economy than primary market?

This statement is false. Prices in secondary markets determine the prices that firms issuing securities receive in primary markets. In addition, secondary markets make securities more liquid and thus easier to sell in the primary markets. Therefore, secondary markets are, if anything, more important than primary markets.


Why might developing countries have only primary and secondary economic activities?

because they have over 20 k in money or over a thousand more for


What would happen to secondary consumers and producers if primary consumers were removed from an ecosystem?

If a primary consumer was removed from an ecosystem the secondary consumer would more than likely adapt to survive. History has shown us that some species are better than others at adapting and the more versatile a species is, the longer they survive. Now more species than ever are in danger because of their natural habitat being destroyed, but on the positive side there are many more convenience stores open now which will give them a fighting chance.


What is the role played by the primary sector in the economy of your country?

The Primary sector of the economy is the change of natural resources into primary products, it is the first step followed by the secondary and tertiary sectors. Most products from this sector provides raw materials for other industries.

Related questions

Why primary market research is more expensive than secondary market research?

secondary research is more economical compared to primary research first and foremost the materials have already been collected by others. the researchers spends only for materials reproduction and fare for going places to gather materials.


What are primary and secondary research?

From my understanding, Primary and Secondary research are the difference in conducting the research. In Primary research, there is no data available for the researcher, hence the researcher has to start from scratch. This means that the researcher needs to design questionaires, collect data from respondents and then analyse the result. If you are doing secondary research, the researcher have the necessary data available. These data are made available through other publications or reports, like newspaper or annual reports of companies. If the researcher is doing secondary research, there is no need to start from scratch, he or she uses the data or information done by other organizations or publications. The important thing is that there are advantages and disadvantages for both methods. Primary research is more time consuming and costly. While some secondary research may not suit the researcher's needs.


What are the advantages of primary and secondary sources over tertiary sources?

One advantage of secondary industries is that they almost always have access to the materials they need at reasonable costs from primary industries. Another advantage is not having to compete with larger, primary industries.


What are the functions of primary and secondary groups?

A primary group has fact to face interactions and is more intimate than secondary groups. Secondary groups are more formal.


Can you use secondary memory in place of primary memory?

No, Because secondary takes more time as compared to primary. primary takes less time as compared to secondary.


Which is more rapid primary or secondary immune response?

Secondary Immune Response is more rapid.


Are primary sources or secondary sources more valuable to modern historians?

secondary


What is the difference between primary and secondary data in marketing?

Market research is generally either primary or secondary. Primary market research is when a company carries out research first hand. Primary market research is more reliable than secondary research because you know that the information you have gathered is accurate, as you have collected it yourself. It is also specific to your type of product/service. On the other hand, it is very time consuming and costs more, for example in consumer panels, products have to be given away for free so that they can be tested. This type of research can also be called field research. Some forms of primary market research are as follows: Ø Questionnaires/Surveys Ø Interviews (can be done one-to-one, in a group or over the internet) Ø Observation Ø Focus Group/Consumer Panel - asking customers how they feel about their products In secondary research, the company uses information from other sources that has already been researched by somebody else. Instead of carrying out research yourself like in primary research, you simply use somebody else's results that have already been collected which have been carried out in similar ways to how you would have carried it out. The advantages of secondary research are that it is relatively cheap, easily accessible and can be done very quickly. Disadvantages of secondary research are that it is often not specific to your area of research and the data used can be biased and is difficult to validate. As you have not collected it yourself, you cannot be sure how accurate it is as it could be biased. This type of research can also be called desk research. Some forms of secondary market research are as follows: Ø Websites Ø Magazines Ø News/Newspapers Ø Textbooks Ø Journals - specialist magazines Ø Other companies financial reports


Formula for relation between primary winding and secondary winding?

The turns ratio of Primary / Secondary tells you have the voltage and current will be changed. The secondary current will be (primary turns/secondary turns) times the primary current, and the secondary voltage will be (secondary turns / primary turns) times the primary voltage.CommentThe above answer is a little misleading, because the secondary current is determined by the load, and not by the transformer's ratio. It would, therefore, be more accurate to say that the primary current would be equal to the secondary current times the (primary turns/secondary turns) -i.e. not the other way around!


Compare secondary and primary.?

primary is what some call younger or inexerienced level {beginner} and secondary is senior or professional or more experienced level


Why is the number of turns in primary coil more than that of the secondary coil?

The number of turns or windings of a transformer can vary. There can be more in the primary, or more in the secondary, or there can be an equal number in a transformer that is simply used for isolation (an isoformer). More turns in the primary than secondary will create a step down transformer. More turns in the secondary are found in a step up transformer. The transformers on power poles have more turns in the primary to step the line voltage down for delivery to residential customers.


Is cherry primary or secondary source?

Its a primary source as it comes off a tree - cant get more primary than that