diversification


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.

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
n.

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

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