Financing of Research Activity from Private vs. Governmental in Romania

Abstract

The research-development activity is an important compound within an economy. Therefore,this activity must be financed accordingly, both from sources from the state budget (governmentsources) and from private sources. Although, the finality of this activity is mostly to write articles,studies and to present the results at scientific events, this are ultimately the ground for innovationwhich leads to new or improved products. Let us not forget that the great discoveries of the worldwere based, in one form or another, on a research activity.

Keywords

• government sources
• private sources
• fundamental research
• applied research
• experimental development