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The Difference Between Crowdsourcing and Crowdfunding

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Along with the times, including the development of science and technology, many new terms have been developed, for example crowdsourcing and crowdfunding . Both terms may sound familiar to them as common people, but for those who are familiar with online startup businesses, these terms are familiar. Crowdsourcing and crowdfunding are sometimes interpreted as the same thing. This is caused by the mechanism or the way it works which have in common. But in fact, the two terms have quite a difference. The fefinition of Crowdsourcing and Crowdfunding What exactly is meant by crowdsourcing? Crowdsourcing can be defined as the process of outsourcing a project that involves creative ideas. This process usually takes advantage of a crowd or large group of people. Another meaning is as a technique of outsourcing specific tasks or projects that require the support of many people in which these people act as external participants. Crowdsourcing is generally used in creative projects. Things like