In: Statistics and Probability
Answer:
Basic research does not have immediate commercial objectives and although it certainly could, it may not necessarily result in an invention or a solution to a practical problem. Applied research is designed to answer specific questions aimed at solving practical problems.
What is Basic Research?
Basic research is also known as fundamental or pure research since it is mainly concerned with the improvement of scientific knowledge. The purpose of basic research is simply to gather more information to further understand existing phenomena especially in the field of natural sciences. Its focus is on supporting as well as challenging assumptions that aim to explain various phenomena. Pure research looks at the “big picture” in the sense that it looks for overall factors and related postulates. Hence, fundamental research is purely theoretical as it delves into basic laws and principles.
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What is Applied Research?
The purpose of applied research is to know more about a certain real-world problem and take steps to solve it. It focuses on the application of natural science principles on practical difficulties as well as enhancing innovations. Such studies are often associated with the fields of business, economics, health, and politics. For instance, a company may hire an applied researcher to look into the best way of hiring applicants and placing employees in connection with the organization’s various positions.
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