Basic research has less immediate payoff to society but is likely to be more important than applied research in fostering long-term growth.

Question

Quizplus · Accepted Answer

Basic research is focused on fundamental questions and concepts, while applied research is focused on solving specific problems and developing practical applications. While applied research may have more immediate applications and benefits to society, basic research lays the foundation for future innovations and discoveries. Therefore, basic research is more likely to be important in fostering long-term growth.

Basic Research Has Less Immediate Payoff to Society but Is