Diversify
/daɪˈvɜːrsɪfaɪ/
Definitions
To broaden or extend one's activities, products, or investments; to vary.
/daɪˈvɜːrsɪfaɪ/
To make or become more varied or different.
The company plans to diversify its product line to appeal to a wider market.
💡 Simply: Imagine you're building a LEGO castle. Instead of just using the same color bricks, you diversify by adding different colors and shapes. This makes it more interesting and less likely to crumble if one brick breaks!
👶 For kids: To make something have more different kinds of things.
More Examples
To reduce risks, investors often diversify their portfolios.
The restaurant decided to diversify its menu to include vegetarian options.
How It's Used
"Companies diversify their investments to reduce risk."
"Investors diversify their portfolios by buying stocks in different sectors."
"Farmers diversify their crops to avoid dependence on a single product."
Synonyms & Antonyms
Synonyms
Antonyms
Idioms & expressions
Diversify one's portfolio
To invest in a variety of assets to reduce risk.
"Financial advisors always encourage clients to diversify their portfolios to protect against market fluctuations."
From Latin *diversificare* ('to vary, make different'), from *diversus* ('different, various') + *facere* ('to make, do').
The word 'diversify' began to gain traction in the late 18th and early 19th centuries, initially within the context of agriculture and trade before expanding into financial and economic applications.
Memory tip
Think of a garden; you diversify it by planting different types of flowers and vegetables.
Word Origin
"To make different or varied."