WordValenoun
diversification
spreading investments to reduce risk
In more detail
1. (noun) the process of adding variety to something by introducing different types or products
2. (noun) the action of spreading risk by investing money in different types of businesses or investments instead of putting it all in one place
Examples
- 1. The company pursued diversification by expanding into new markets and product lines.
- 2. Diversification of your investment portfolio helps protect against financial losses.
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