#DiversifyYourAssets Economic activity diversification is a strategy that aims to generate income from multiple sources, rather than relying on a single one. It can be applied at the level of companies, regions, or countries.
Benefits of diversification
Promotes economic growth and development
Reduces the risk of relying on a single buyer or importer
Allows producers to withstand competition
Helps to foster resilience against environmental and economic changes
Can promote the preservation of cultural heritage and local identity