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basic research has less immediate payoff to society. True or false

basic research has less immediate payoff to society. True or false

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Answer #1

True.

  • The basic research is form of research in which data is collected and analysed to refine and form new theories for better understanding and prediction of certain behaviours and phenomenas.
  • Nowadays basic research is very undervalued as its contributions are not well recognised and its payoff to society is very less and it is very difficult to calculate the benefits of funding this research.
  • Even though it has less immediate payoff to the society, it is very useful in fostering economic growth.
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