Today’s word - crowdfunding
Crowdfunding is raising money online for a business or project. Most successful crowdfunding ventures get donations from a large number of people.If you've always wanted to open a bookstore but don't have the money to buy books and rent a space, you could try crowdfunding. Online platforms allow would-be entrepreneurs to describe their business ideas and invite people to donate. Crowdfunding is used to raise money for art projects, travel, and medical expenses that aren't covered by insurance. The term dates from around 2010, coined from crowd, "large group of people," and fund, "supply with money."
Definitions of crowdfunding
1. noun the act of collecting small donations from many people, typically on the internet, to finance a project
Question
Which of these is an example of crowdfunding?
(A) taking the subway during the morning or evening rush hour
(B) joining an audience clapping and cheering at a sports event
(C) sending part of one's salary home to family in another country
(D) using social media to request contributions for a worthy cause
Right Answer :- (D) using social media to request contributions for a worthy cause
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