Pressing problems resulting from global overpopulation, pollution, and overuse/abuse of natural resources has necessitated a shift in emphasis away from basic research and toward applied research, which is often thought of as targeting solving specific problems from a utilitarian point of view. Owing to no obvious and direct commercial value to the findings of basic research, some unaware groups sarcastically labelled it as 'academics in ivory tower'. However, most scientists believe that a fundamental understanding of science is essential to lay down the foundation for applied science. Basic research is sometimes blamed for not giving proper attention to real-world problems and criticized as a funding hog. In fact, both basic and applied research can be costly, but investing in basic research actually saves money in the long run by promoting the exploration of new important scientific knowledge that provides ways for application. As Dr. George Smoot says, "People cannot foresee the future well enough to predict what's going to develop from basic research. If we only did applied research, we would still be making better spears". Actually, both types of research are two sides of the same coin and nurture each other. Therefore, looking to the pressing need for addressing people's needs, and providing quick solutions to present day's problems, how can we set priorities and what should the judicious ratio of resource allocation for basic and applied research be?