The process of varying or expanding into different areas, products, or investments to reduce risk or increase opportunities. It's a strategy used in business, finance, and biology to create variety and resilience.
From Latin 'diversus' (different, various) + 'facere' (to make) + the suffix '-ation' (process or result). The term developed in the 18th century, with modern business and investment applications emerging in the 20th century as portfolio theory advanced.
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