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Unlock the Power of Fundamental Stock Analysis: Financial Statements, Balance Sheet, Reports, and Ratios. Free forever. When asked what the fundamental , or essential, principles of life are, a teenager might reply, "Breathe. Be a good friend. Eat chocolate. Get gas money." Learn the meaning and usage of the adjective fundamental , which describes things that are very important, essential, or basic. Find synonyms, related words, and examples of fundamental in different contexts and domains. Basic vs. Fundamental What's the Difference? Basic and fundamental are two terms that are often used interchangeably, but they have slightly different meanings. Basic refers to something that is simple, essential, or fundamental in nature. It implies a foundational level of knowledge or understanding. On the other hand, fundamental refers to something that is essential, crucial, or necessary for the existence or functioning of something else. It suggests a deeper level of importance or ...