diversification

[ dih-vur-suh-fi-key-shuhn, dahy- ]
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noun
  1. the act or process of diversifying; state of being diversified.

  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.

Origin of diversification

1
First recorded in 1595–1605, diversification is from the Medieval Latin word dīversificātiōn- (stem of dīversificātiō). See diversify, -fication

Other words from diversification

  • non·di·ver·si·fi·ca·tion, noun
  • o·ver·di·ver·si·fi·ca·tion, noun

Words Nearby diversification

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How to use diversification in a sentence

British Dictionary definitions for diversification

diversification

/ (daɪˌvɜːsɪfɪˈkeɪʃən) /


noun
  1. commerce the practice of varying products, operations, etc, in order to spread risk, expand, exploit spare capacity, etc

  2. (in regional planning policies) the attempt to provide regions with an adequate variety of industries

  1. the act of diversifying

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012