economic expansion
Economic expansion refers to a sustained and significant increase in a country's overall economic activity, resulting in higher production levels, increased employment opportunities, rising incomes, and greater consumer spending.
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Related Concepts (21)
- business cycles
- consumer spending
- countercyclical fiscal policy
- economic growth
- economic indicators
- entrepreneurship
- exchange rates
- fiscal policy
- government regulation
- gross domestic product (gdp)
- income inequality
- inflation
- international trade
- investment
- labor market dynamics
- market competition
- monetary policy
- productivity
- supply and demand
- technological advancements
- unemployment