If you're reading this blogpost then I guess you already know what is Outsourcing & Offshoring which is all about contracting a business process to another company.
Now, What is Crowdsourcing?
Crowdsourcing is a kind of Outsourcing. In Crowdsourcing, instead of outsourcing tasks to a single company, it is distributed to a group of people known as the ‘Crowd’. It’s the process of sourcing skills from a group of people.