diversification

[dih-vur-suh-fi-key-shuhn, dahy-]

noun

1. the act or process of diversifying; state of being diversified. diversify.

2. the act or practice of manufacturing a variety of products, investing in a variety of securities, selling a variety of merchandise, etc., so that a failure in or an economic slump affecting one of them will not be disastrous.

Other Word Forms

• nondiversification noun
• overdiversification noun

Word History and Origins

Origin of diversification¹

First recorded in 1595–1605, diversification is from the Medieval Latin word dīversificātiōn- (stem of dīversificātiō ). See diversify, -fication

Example Sentences

"They've got to have a plan for British industry, you cannot just do this piecemeal," she said, comparing Germany's £1 trillion plan for energy diversification to the UK's £50bn.

From BBC

Using diplomatic coalitions, and trade diversification is India's best bet to "build pressure" on Washington, he says, keeping the option of targeted retaliation only as a measure of last resort.

From BBC

It probably does not offer an early means of easing the current pressure on energy supply or its need for economic diversification.

From BBC

“The key strategy in overcoming it is to build in some diversification of supply — to groundwater, desalinated water and reused wastewater — in addition to reducing demand.”

From Los Angeles Times

A farmer has transformed one of his potato storage warehouses into a padel court as part of a diversification project.

From BBC

Related Words

• diversity