1 in the most important ways, without considering things that are less important:
Yes, that's basically correct. * The two approaches are basically very similar. * There have been some problems but basically it's a good system.
2 used when you are giving your opinion or stating what is important about a situation:
Basically, there's not a lot we can do about it. * He basically just sits there and does nothing all day. * And that's it, basically.
