Diversify: meaning, definitions and examples
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diversify
[ daɪˈvɜrsəˌfaɪ ]
investment
To vary the range of products or investments within a portfolio in order to reduce risk.
Synonyms
broaden, expand, spread, vary.
Which Synonym Should You Choose?
Word | Description / Examples |
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diversify |
Appropriate when talking about increasing variety, especially in investments, business, and production to reduce risk or achieve balanced growth.
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vary |
Most suitable when indicating change or diversity within a set range. Commonly used when discussing patterns, options, or schedules.
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expand |
Relevant when discussing making something larger in size, volume, quantity, or scope. Commonly used in business contexts or physical growth scenarios.
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broaden |
Used when referring to making something wider or more comprehensive in scope. Often employed in discussions about experiences, education, and abilities.
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spread |
Best when discussing the distribution or dispersion of something over an area or among people. It can have both positive and negative connotations.
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Examples of usage
- The financial advisor recommended diversifying the client's investment portfolio.
- Diversifying your investments can help protect against market fluctuations.
- It's important to diversify your portfolio to minimize risk.
business
To offer a variety of products or services to attract a wider range of customers.
Synonyms
broaden, expand, extend, vary.
Which Synonym Should You Choose?
Word | Description / Examples |
---|---|
diversify |
Utilized when talking about making something more varied, especially in business and investment. It often implies the idea of reducing risk by allocating resources into different areas.
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expand |
Used when something is increasing in size, number, or importance. Commonly used in business, geography, and physical objects.
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broaden |
Used when referring to increasing the range or scope of something, often associated with knowledge, experience, or influence.
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vary |
Used when talking about causing something to differ or change, especially when referring to modifications or alterations to maintain interest or avoid monotony.
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extend |
Used when referring to lengthening something in terms of time, size, or scope. Often used with deadlines, services, or physical spaces.
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Examples of usage
- The company decided to diversify its product line to appeal to different market segments.
- By diversifying their offerings, the business was able to reach a larger audience.
- Diversifying their services allowed the company to stay competitive in the market.
Translations
Translations of the word "diversify" in other languages:
🇵🇹 diversificar
🇮🇳 विविधता लाना
🇩🇪 diversifizieren
🇮🇩 mendiversifikasi
🇺🇦 диверсифікувати
🇵🇱 dywersyfikować
🇯🇵 多様化する (tayouka suru)
🇫🇷 diversifier
🇪🇸 diversificar
🇹🇷 çeşitlendirmek
🇰🇷 다양화하다 (dayanghwahada)
🇸🇦 تنويع (tanweea)
🇨🇿 diverzifikovat
🇸🇰 diverzifikovať
🇨🇳 多样化 (duōyànghuà)
🇸🇮 diverzificirati
🇮🇸 fjölga
🇰🇿 түрлендіру
🇬🇪 გაფართოება (gafart'oba)
🇦🇿 müxtəlifləşdirmək
🇲🇽 diversificar
Etymology
The word 'diversify' originated from the Latin word 'diversificare', which means 'to make diverse'. The concept of diversification can be traced back to ancient times when traders would spread their goods across different routes to minimize the risk of losing everything in one place. In modern times, diversification has become a key strategy in finance, business, and various other fields to manage risk and maximize opportunities.
See also: diversely, diversification, diversified, diversifying, diversity.
Word Frequency Rank
With rank #17,650, this word belongs to specialized vocabulary. While not common in everyday speech, it enriches your ability to express complex ideas.
- ...
- 17647 underscore
- 17648 eventful
- 17649 anchoring
- 17650 diversify
- 17651 worsened
- 17653 decor
- ...