economic expansion

Language: en

📖 Definitions

  1. An increase in the production of goods and services within an economy, typically measured by growth in real Gross Domestic Product (GDP), indicating a period of economic prosperity and activity.; The process by which a business or corporation increases its size, market share, or operational capacity through investment, mergers, or increased output.

💬 Examples

  1. The country experienced a decade of rapid economic expansion following the implementation of new trade policies.

  2. Continued vigilance will be required to balance these objectives while mitigating potential risks to economic expansion.