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Crowdsourcing is the process of providing insights to solve a program and crowdfunding is focused on coming together to raise funds. The given statement is true.
The word "crowd sourcing" refers to a phenomena that includes the process of obtaining knowledge, skills, or finished goods from a specific group or groups of individuals.
Crowdfunding: The practice of obtaining finances or funding from a particular set or groups of various individuals is referred to as "crowdfunding."
Learn more about Crowdsourcing here,
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