The idea of research funding has always been a questionable issue. It has been questionable because of the different aspects of how funders will contribute to research. There are mainly two types of research funding: public (government) funding or private funding. Public funding mainly consists of financial aid from the government for research. The goal is generally to bring benefits to people in terms of society and the economy. On the other hand, private financing is aided by private sectors, which could have the same purpose, but mostly also for personal benefits. Some people argue that private funding is more beneficial for research due to its professionalism and exclusive focus on research. On the other hand, people argue that public funding is more beneficial for scientific research due to its broad scope and economic benefits to society. Some say that private funding can be more beneficial to the public with their research findings and results. In contrast, private funding demonstrates that research is being done privately without disseminating it to the public. This is due to fear or...
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