Answer: Diversifying the economy means to reduce the reliance on a single industry or sector, and to instead diversify into multiple industries and sectors. This can benefit the UAE by providing increased economic stability and a wider range of employment opportunities. Diversifying the economy can be beneficial for all by providing more employment opportunities and economic security. However, those who are the most vulnerable in society, such as those with limited resources, education, and access to employment, may be left out and unable to benefit from the diversification of the economy.
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