Definition
Expansion is a phase of the business cycle marked by rising output and employment.
Why It Matters
Expansion improves incomes and economic confidence.
Example
Businesses hiring more workers during growth.
Malone Global University
Malone Global University
Economics Glossary – Malone Global University
Expansion is a phase of the business cycle marked by rising output and employment.
Expansion improves incomes and economic confidence.
Businesses hiring more workers during growth.