Research has a goal of producing new knowledge. Development is application of existing knowledge to develop say new products, which can be commercialized. Applied research is somewhere in-between: it could be new products, but no commercialization. This is how I understand the difference.
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Development is application of existing knowledge to develop say new products, which can be commercialized.
Applied research is somewhere in-between: it could be new products, but no commercialization.
This is how I understand the difference.