diversification
UK: daɪˌvɜːsɪfɪˈkeɪʃən | US: daɪˌvɜːrsɪfɪˈkeɪʃən
n. the process of varying or expanding the range of products, investments, or activities to reduce risk or increase opportunities
n. (biology) the evolutionary process by which species diverge into different forms
diversification = diverse<varied> + fic<make> + ation<noun suffix>
- diverse (from Latin diversus, "turned in different directions") → implies variety or difference
- fic (from Latin facere, "to make") → denotes action or creation
- ation (Latin noun-forming suffix) → indicates a process or result
Etymology Origin:
The word traces back to Latin diversificare ("to make diverse"), combining diversus (meaning "turned apart" or "varied") and facere ("to make"). It entered English via Old French diversifier, reflecting the medieval economic and biological concept of branching out. The suffix -ation formalizes it as a noun, emphasizing the process of creating diversity—whether in finance (e.g., portfolios) or nature (e.g., species adaptation).
The company’s diversification into renewable energy reduced its reliance on fossil fuels.
Crop diversification improves soil health and mitigates climate risks.
Investors use asset diversification to balance potential losses.
Darwin observed diversification in finch species across the Galápagos Islands.
Cultural diversification enriches urban communities.