Key facts
Code summary
Code 72
Official title Scientific Research and Development
Version PSIC 2019
Source layer PSA / BSP
Pr
PSIC 2019 Navigation-first hub Division 72 - Scientific Research and Development
PSIC Division 72 covers Scientific Research and Development. Child codes include Research and experimental development on, Research and Experimental Development on Social Sciences and Humanities, and Research and...
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Practical summary
Division 72 sits in the PSIC 2019 hierarchy under M Professional, Scientific and Technical Activities. This division collects tightly related groups, with child examples such as Research and experimental development on, Research and Experimental Development on Social Sciences and Humanities, and Research and Experimental Development in Information Technology. It is the main bridge between a broad sector label and the more precise groups below it.
Official note
Source-backed description
This division includes the activities of three types of research and development: 1) basic research: experimental or theoretical work undertaken primarily to acquire new knowledge of the underlying foundations of phenomena and observable facts, without particular application or use in view; 2) applied research: original investigation undertaken in order to acquire new knowledge, directed primarily towards a specific practical aim or objective and 3) experimental development: systematic work, drawing on existing knowledge gained from research and/or practical experience, directed to producing new materials, products and devices, to installing new processes, systems and services, and to improving substantially those already produced or installed. Research and experimental development activities in this division are subdivided into two categories: natural sciences and engineering; social sciences and the humanities. This division excludes market research, see 7320.