Meaning & Definition of word "Diversify"

Diversify

/dɪˈvɜːrsɪfaɪ/

1. To make or become more diverse or varied.
- Example: The company plans to diversify its product line to attract a broader customer base.
2. To invest in a variety of assets in order to reduce risk.
- Example: Investors often choose to diversify their portfolios to minimize potential losses.
3. To add variety to something, typically in a systematic way.
- Example: The chef aimed to diversify the menu by incorporating dishes from different cultures.
4. To spread out or distribute various activities or investments.
- Example: Farmers are encouraged to diversify their crops to ensure better yields and economic stability.

●From Latin 'diversificare', where 'diversus' means 'diverse' or 'varied'.

diversify your portfolio:

To include a variety of investments in order to reduce risk.

diversifying income streams:

Creating multiple sources of income to ensure financial stability.

diversification strategy:

A business strategy that involves adding new products or services.

diverse:

showing a great deal of variety; very different.

variety:

the quality or state of being different or diverse; the absence of uniformity.

Meaning: Mix it up

● Example Sentence: You need to mix it up by trying new things in your career.

Meaning: Spread the love

● Example Sentence: Don't put all your eggs in one basket; spread the love by exploring various opportunities.