diversify Definition
- 1to add variety to something
- 2to 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
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.
