Question

What is difference between applied research and basic research? (Subject is Business research) 

Answer 1

Basic Research refers to the study that is aimed at expanding the existing base of scientific knowledge. Applied Research is the research that is designed to solve specific practical problems or answer certain questions.

Answer 2

Difference Between Basic and Applied research

Specification	Basic Research	Applied Research
Meaning	It focuses more on enlarging the base of knowledge.	This research solves the basic problems to the questions.
Objective	To gain more and more knowledge on the existing one.	To check for the solution and resolve it at once.
Nature	Theoretical	Practical
Connected With	The scientific knowledge gained.	Growth of technology-related knowledge.
Usage	Universal	Limited