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Economic diversity refers to the variety of industries, businesses, and economic activities within a region or economy. It encompasses a range of sectors, such as manufacturing, services, agriculture, and technology, which can help reduce dependency on a single industry. A diverse economy is typically more resilient to economic shocks, as fluctuations in one sector can be offset by stability or growth in others. This diversity can contribute to job creation, innovation, and overall economic stability.

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6d ago

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