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What is diversification What are its types and explain reasons for diversification?

What is diversification What are its types and explain reasons for diversification?

Diversification is an act of an existing entity branching out into a new business opportunity. This corporate strategy enables the entity to enter into a new market segment which it does not already operate in. Some very famous success stories of diversification are General Electric and Disney.

How does rural areas affect health?

Overall, health outcomes are more favourable in rural areas than urban areas; the most recent statistics show that life expectancy is higher, infant mortality rate lower and potential years of life lost from common causes of premature death lower in rural areas than in urban areas.

What is mean by agriculture diversification?

In the agricultural context, diversification can be regarded as the re-allocation of some of a farm’s productive resources, such as land, capital, farm equipment and labour to other products and, particularly in richer countries, to non-farming activities such as restaurants and shops.

What are the approaches of rural development?

So, there are various types of approaches to rural development like Sectoral Approach, Area Development Approach, Integrated Development Approach, Growth Center Approach and Community-driven development (CDD) or Approach.

What do you mean by rural economics?

Rural economics is the study of rural economies, including: farm and non-farm industry. economic growth, development, and change. size and spatial distribution of production and household units and interregional trade. government policies as to development, investment, regulation, and transportation.

What are the basic elements of rural development?

Basic Elements of Rural Development 1. Basic Necessities in Life – food, shelter, clothes, basic literacy, primary health care and security of life and property. 2. Self respect – Every person seeks some sort of self respect, dignity, or honor.

What are the benefits of diversification of business?

Three key advantages of diversification include: Minimising risk of loss – if one investment performs poorly over a certain period, other investments may perform better over that same period, reducing the potential losses of your investment portfolio from concentrating all your capital under one type of investment.