diversify

[dɪˈvɜːsɪfaɪ]

diversify Definition

• 1. to add variety to something
• 2. to make a business or economy more varied and less dependent on one product, industry, etc.

Using diversify: Examples

Take a moment to familiarize yourself with how "diversify" can be used in various situations through the following examples!

• Example

  The company is looking to diversify its product line.

• Example

  Investors are advised to diversify their portfolios.

• Example

  The government is trying to diversify the economy by promoting new industries.

• Example

  We need to diversify our income streams to reduce risk.

diversify Synonyms and Antonyms

Synonyms for diversify

• vary
• expand
• broaden
• enrich
• extend

Antonyms for diversify

• homogenize
• standardize

Phrases with diversify

• diversify your assets

  to invest in a variety of different types of assets to spread out risk

  Example

  Financial advisors recommend that you diversify your assets to minimize risk.

• diversify your skills

  to learn new skills or expand your existing skill set to increase your employability

  Example

  In today's job market, it's important to diversify your skills to stay competitive.

• diversify your diet

  to eat a variety of different foods to ensure a balanced and healthy diet

  Example

  Nutritionists recommend that you diversify your diet to get all the nutrients your body needs.

Origins of diversify

from Old French 'diversifier', from Latin 'diversus', meaning 'different'

📌

Summary: diversify in Brief

To 'diversify' [dɪˈvɜːsɪfaɪ] means to add variety to something or make a business or economy more varied and less dependent on one product or industry. Examples include 'The company is looking to diversify its product line' and 'Investors are advised to diversify their portfolios.' Phrases like 'diversify your assets' and 'diversify your skills' extend the concept to investing and personal development.