In current article, author reveals the concept of the crowdfunding system and its role in
the implementation and development of crowdfunding. The challenge lies in the definition of
«crowdfunding system» and its elements and analysis a difference between of crowdfunding
system for national economy and for a separate crowdfunding project.
The author made an analysis of existing definitions of crowdfunding system and its key
characteristics. The foreign practitioners and scientists sometimes use the term "5P" of

Crowdsourcing as management tool: examples of solving local problems

The economic crisis in the country, the limited capacity to attract foreign capital actualize the need to find internal resources for investing development at all levels: from the state to a settlement and an individual enterprise. One way to find solutions to these problems using relatively free assistance is crowdsourcing. The article examines the main factors that influence the success of crowdsourcing projects locally. Identification of these factors is based on the analysis of successful examples of crowdsourcing projects for solving problems of local development in Ukraine.