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diversification

[dih-vur-suh-fi-key-shuh n, 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.
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Origin of diversification

First recorded in 1595–1605, diversification is from the Medieval Latin word dīversificātiōn- (stem of dīversificātiō). See diversify, -fication
Related formsnon·di·ver·si·fi·ca·tion, nouno·ver·di·ver·si·fi·ca·tion, noun
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

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British Dictionary definitions for diversification

diversification

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
  3. the act of diversifying
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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

Word Origin and History for diversification

n.

c.1600, noun of action from Medieval Latin diversificare (see diversify). Economic sense is from 1939.

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Online Etymology Dictionary, © 2010 Douglas Harper