C1nounformalbusinessmoney
US/daɪˌvɜːr.sə.fɪˈkeɪ.ʃən/
UK/daɪˌvɜː.sɪ.fɪˈkeɪ.ʃən/
the process of adding variety, for example by offering new products or spreading money across different investments
In context
Economic diversification helps a country survive when one industry fails.
Financial advisers recommend diversification of your savings across several funds.
The firm announced a diversification into renewable energy.
Words that go with diversification
adjective + noun
- economic diversificationEconomic diversification is a key goal for the region.
noun + noun
- portfolio diversificationPortfolio diversification lowers the risk of big losses.
- diversification strategyTheir diversification strategy added three new product lines.
- product diversificationProduct diversification kept the company profitable.
noun + preposition
- diversification ofThe diversification of crops protects farmers from bad weather.
verb + noun
- pursue diversificationMany airlines pursue diversification during hard times.