Final answer:
Crowdfunding is the practice of raising small amounts of money from a large number of people via the internet. It offers individuals and businesses an alternative way to raise capital. Platforms like Kickstarter and Indiegogo are examples of crowdfunding websites.
Step-by-step explanation:
The practice of funding a project or venture by raising small amounts of money from a large number of people, typically via the internet, is known as crowdfunding. Crowdfunding has become increasingly popular in recent years, providing individuals and businesses with an alternative way to raise capital without relying solely on traditional financing methods. Platforms like Kickstarter and Indiegogo are examples of crowdfunding websites where individuals can showcase their projects or ideas and receive financial support from the crowd.