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Research and Development

Research and Development, often called R&D, is a phrase that means different things in different applications. Research and development is an investment in a company or educational organization’s future - organizations that do not spend sufficiently in R&D are often said to be "eating the seed corn." There is considerable debate over which is the "R" and which is the "D" in research and development. Traditionally, research was broken into basic research and applied research; with basic research delving into basic scientific principles and applied research looking for ways to use the basic science to better human lives. More recently, there is very little basic research being done in the corporate world; it is mainly the province of academia, often with corporate or government funding support.