Phrases with «economic diversification»

Economic diversification refers to a situation where a country or region tries to have different sources of income or industries instead of relying on just one or a few. It's like having multiple job opportunities instead of depending on only one job for your income. This helps to spread risks, create stable growth, and reduce dependence on a single industry or sector. Full definition

economic diversification

Sentences with «economic diversification»

The idea of economic diversification is often positioned as something that's nice in theory, but difficult to achieve in practice. (jeffrubinssmallerworld.com)
Two years later, she became the youngest female cabinet minister in Canadian history, taking on the role of minister of state for Western economic diversification. (canadianbusiness.com)
He called on government to attach meaningful recognition to the services render by the institution most importantly as the nation is planning for economic diversification. (nigeriapoliticsonline.com)
(see all sentences)

Phrases with «economic diversification»

Sentences with «economic diversification»

See also