diversification
- 01 C1 Advanced
the act of adding different types of things to a group to create more variety.
the process of becoming more varied or diverse in form or character.
Simple“The diversification of the local economy helped the city survive when the main factory closed.”
In context“Ecological diversification within the rainforest allows thousands of species to coexist by occupying distinct niches within the same environment.”
Antonyms - 02 C1 Advanced
putting your money into many different types of investments so you do not lose everything if one fails.
a risk management technique that mixes a wide variety of investments within a portfolio to minimize the impact of any single asset's performance.
Simple“Financial advisors recommend diversification so that your savings are safe even if the stock market drops.”
In context“The fund manager insisted on geographic diversification, arguing that exposure to emerging markets would hedge against a downturn in domestic equities.”
UsageOften used with the preposition 'of' (diversification of assets) or 'into' (diversification into bonds).
Synonymsspreading riskallocationAntonyms - 03 C1 Advanced
when a company starts making new products or enters new markets to grow its business.
a corporate strategy of entering new markets or industries that are distinct from a company's core business operations.
Simple“The farm's diversification into tourism helped them earn money during the winter months.”
In context“The tech giant's diversification into healthcare services represented a significant shift from its traditional focus on consumer hardware.”
SynonymsAntonyms
“Previous studies suggest that regional variations in the size of snails available in different areas have contributed to the diversification of this beetle's body shape.”
“This diversification shields criminal groups from “enforcement shocks,” such as crackdowns on drug smuggling.”
From Medieval Latin diversificatiō, from diversificātus, past participle of diversificō (“diversify”), from Latin diversus (“turned in different ways”) + faciō (“make, do”). By surface analysis, diverse + -ification.
Etymology adapted from Wiktionary, available under CC BY-SA 4.0.