economic diversity
Diverse income sources
Economic diversity refers to variety in the sources of income, industries, or economic activities within a region, organization, or portfolio.
A city with economic diversity doesn't depend on a single employer or sector: The town's economic diversity helped it survive the factory closure.
The term also describes variety in the economic backgrounds of people within a group or institution.
- skilled laborTrained professional work
- job marketEmployment availability collectively
- niche marketsSmall specialized commercial segments
- agricultureCultivation of land, livestock
- renewable energy sourcesPower from inexhaustible natural processes
manufacturing · emerging markets · services · fossil fuels · retail · human capital · healthcare · tourism · financial capital · construction · energy · mass markets · tax base · educational attainment · metropolitan areas · boom and bust · migrant workers · technology
economic diversitycompany town
Employer-owned settlement
factory town · mining town · plantation economy · one-horse town · boom town
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