Crowd funding is a process in which entrepreneurs tap their personal savings and use creative, low-cost start-up methods to launch their businesses.

Question

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Crowd funding is a process in which entrepreneurs raise funds from a large number of people through online platforms, rather than using their personal savings. While crowd funding can involve low-cost start-up methods, it is not necessarily the only way entrepreneurs can launch their businesses.

Crowd Funding Is a Process in Which Entrepreneurs Tap Their