diversification
//daɪˌvɜːsɪfɪˈkeɪʃən//
Noun
diversificationSingular
diversificationsPlural
1
The process of varying or expanding the range of products, investments, activities, or operations to reduce risk or increase opportunities.
Portfolio diversification is essential for reducing investment risk.
2
The act of making something more diverse or varied in character or content.
The diversification of the curriculum has made the school more appealing to students with different interests.