Question

In the context of development projects, what does 'crowdfunding' refer to?

• A. Obtaining funds from a large number of people, typically via the internet.
• B. Seeking investment from a small group of venture capitalists.
• C. Securing a large loan from a single financial institution.
• D. Receiving grants from government agencies for public projects.

Answer 1

Answer:

A. Obtaining funds from a large number of people, typically via the internet.

• Crowdfunding is the practice of funding a project or venture by raising small amounts of money from a large number of people, typically through online platforms.