Collection of Data: Source, Sampling Errors, NSSO, and Examples

The compilation of these Economics Notes makes students exam preparation simpler and organised.

Collection of Data

Will it be sufficient to say that India’s GDP is growing at a fast rate? No, it will need to be backed by statistics. In economics, it is very important that the information we have gathered can be expressed in numbers. The collection of data and the methods of such collection play a very important role in economics. Let us learn about some related concepts.