noun

diversification

Translation

diversification, variation

Examples

The company is focusing on diversification.

Diversification of investments reduces risk.

Grammar Patterns

((diversification of sth.)) the process of a business enlarging or varying its range of products or field of operation The diversification of the economy is essential.

Similar Words

Synonyms: variation, expansion; Antonyms: specialization, concentration

Etymology

From 'diversify' + '-ation' (noun-forming suffix). 'Diversify' comes from Latin 'diversus' (diverse) + 'facere' (to make).

Memory Tips

Think of it as the 'action' ('-ation') of 'making' ('-fy') things 'diverse'.