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Sunday, 7 January 2018

What is Crowdfunding?

  By GK Planet Team       Sunday, 7 January 2018

Crowd Funding

Crowdfunding is the use of small amounts of capital from a large number of individuals to finance a new business venture. Crowdfunding makes use of the easy accessibility of vast networks of people through social media and crowdfunding websites to bring investors and entrepreneurs together.

Q. What is crowdfunding?

A. money collected for public welfare projects by levying an entry fee to exhibitions, shows etc.
B.  money collected by charitable organisations by placing a donation box at prominent locations
C. money raised by innovators and inventors by launching their products and services through the internet
D. money raised by individuals by passing the hat around to onlookers at a street performance.

Answer: Money raised by innovators and inventors by launching their products and services through the internet
Crowdfunding is the money raised by innovators and inventors by launching their products and services through the internet.

Crowdfunding has been used to fund a wide range of for-profit entrepreneurial ventures such as artistic and creative projects, medical expenses, travel, or community-oriented social entrepreneurship projects.
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Thanks for reading What is Crowdfunding?

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