Question

What is the difference between crowd sourcing and crowd funding?

a) crowd sourcing carries fewer risks

b) crowd funding had money back guarantees

c) crowd sourcing was replaced by crowd funding

d) crowd funding has a financial aspect

Answer 1

crowd funding has a financial aspect

Answer 2

a) crowd sourcing carries fewer risks

Step-by-step explanation:

Crowd sourcing: The term "crowd sourcing" is described as a phenomenon that encompasses the procedure of sourcing skills or information or some end products from a particular group or groups of different people.

Crowdfunding: The term "crowdfunding" is described as a phenomenon that encompasses the procedure of sourcing funds or money from a specific group of groups of different people.

In the question above, the correct answer is option a.