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Significance of Research

The significance of research lies in its role in promoting inquiry, logical thinking, and problem-solving across various fields, especially in applied economics and social sciences. It aids students, professionals, philosophers, and analysts in their respective pursuits, contributing to academic and career advancements. Overall, research serves as a foundation for innovation, creativity, and the development of new ideas.

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SIGNIFICANCE/IMPORTANCE OF RESEARCH
All progress is born of inquiry, Doubt is often better than over confidence, for it leads to inquiry and enquiry leads to invention is a famous word of -Hudson Maximan
SIGNIFICANCE OF RESEARCH (1) • Research includes scientific and inductive thinking. It promotes the development of logical habits of thinking of organization • Research has increased greatly in the several fields of applied economics, whether related to business or to the economy as a whole in modern times • Research has its special significance in solving various operational and planning problems of business and research • It is helping for social scientists in studying social relationship and in seeking answers to various social problems
SIGNIFICANCE OF RESEARCH (2) • For students of masters or Ph.D – helping to write thesis and research may mean a careerism or a way to attain a high position in the social structure • To professional in research methodology - research may mean a source of livelihood • To Philosophers and Thinkers – research may mean the outlet for new ideas and insights • To literary men and women - research may mean the development of new styles and creative work • To analyst and Intellectuals – research may mean the generalizations of new theories
Reference • Kothari, C. R. (2004). Research methodology: Methods and techniques. New Age International.