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    November 13, 2021 at 9:16 am

    What do you mean by research? Explain its significance in modern times?
    Research is defined as human activity based on intellectual application in the investigation of matter.
    The primary purpose for applied research is discovering, interpreting, and the development of methods and systems for the advancement of human knowledge
    on a wide variety of scientific matters of our world and the universe.

    Research inculcates scientific and inductive thinking and it promotes the development of logical habits of thinking and organization.
    The role of research in several fields of applied economics, whether related to business or to the economy as a whole,
    has greatly increased in modern times.
    The role of research in several fields of applied economics, whether related to business or to the economy as a whole, has greatly increased in modern times.
    The increasingly complex nature of business and government has focused attention on the use of research in solving operational problems.
    Research, as an aid to economic policy, has gained added importance, both for government and business.