English / word
diversification
noun C1MEANING IN ENGLISH
The process of a business or investor enlarging or varying its range of products or field of operation.
In context
01
Diversification helps to reduce investment risk.
02
Companies adopt diversification strategies to reduce risk.
Synonyms
expansion,variety,broadening
Antonyms
specialization,concentration,uniformity
Collocations
portfolio diversification,risk diversification,economic diversification