This article is about a stage in a business cycle. For economic expansion in both short term and long term, see Economic growth.
Economic boom redirects here.
This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "Economic expansion" – news · newspapers · books · scholar · JSTOR(August 2023) (Learn how and when to remove this message)
An economic expansion is an increase in the level of economic activity, and of the goods and services available. It is a period of economic growth as measured (for example) by a rise in real GDP.[1][failed verification][2]
The explanation of fluctuations in aggregate economic activity between economic expansions and contractions ("booms" and "busts" within the "business cycle") is one of the primary concerns of macroeconomics.{[3]
Typically an economic expansion is marked by an upturn in production and in utilization of resources. Economic recovery and prosperity are two successive phases of expansion, whereas a recession is defined as two declining periods of GDP. Expansion may be caused by factors external to the economy, such as weather conditions or technical change, or by factors internal to the economy, such as fiscal policies, monetary policies, the availability of credit, interest rates, regulatory policies or other impacts on producer incentives. Global conditions may influence the levels of economic activity in various countries.[citation needed]
Economic contraction and expansion relate to the overall output of all goods and services, while the terms "inflation" and "deflation" refer to increasing and decreasing prices of commodities, goods and services in relation to the value of money.[citation needed]
On the microeconomic level, expansion may involve enlarging the scale of a company. The ways of expansion include internal expansion and integration.
Internal expansion means a company enlarges its scale through opening branches, inventing new products, or developing new businesses. Integration means a company enlarges its scale through taking over or merging with other companies.[citation needed]
^O'Sullivan, Arthur; Steven M. Sheffrin (2003). Economics. Upper Saddle River, New Jersey 07458: Savvas Learning Company. p. 310. ISBN 0-13-063085-3.{{cite book}}: CS1 maint: location (link)
^
Compare:
Social Research. 6. New York: Graduate Faculty of Political and Social Science, New School for Social Research: 154. 1939. I would define economic expansion as the increase of aggregate production from one production period to another. If the concept is defined in this general way it includes expansion that results from an increase in population [...].{{cite journal}}: Missing or empty |title= (help)
^
Ryan, Cillian; Mullineux, Andrew W. (1 January 1997). "The ups and downs of modern business cycle theory". In Snowdon, Brian; Vane, Howard R. (eds.). Reflections on the Development of Modern Macroeconomics. Cheltenham: Edward Elgar Publishing. p. 136. ISBN 9781781008492. Retrieved 22 May 2023. [...] the primary focus of macroeconomics swung back from determining and manipulating the equilibrium level of output to the 'business cycle'.
and 28 Related for: Economic expansion information
An economicexpansion is an increase in the level of economic activity, and of the goods and services available. It is a period of economic growth as measured...
national economicexpansions have been defined by an American private non-profit research organization known as the National Bureau of Economic Research...
Expansionism refers to states obtaining greater territory through military empire-building or colonialism. In the classical age of conquest moral justification...
Minister of Regional EconomicExpansion was an office in the Cabinet of Canada from 1969 to 1990. On February 23, 1990 the position was merged into that...
Business cycles are intervals of general expansion followed by recession in economic performance. The changes in economic activity that characterize business...
sculpture illuminated from within Expansión (Spanish newspaper), a Spanish economic daily newspaper published in Spain Expansion pack in gaming, extra content...
recession. In the United States the National Bureau of Economic Research determines contractions and expansions in the business cycle, but does not declare depressions...
consensus among economists regarding the motive force for the U.S. economicexpansion that continued through most of the Roosevelt years (and the 1937 recession...
The 1990s economic boom in the United States was a major economicexpansion that lasted between 1993 and 2001, coinciding with the economic policies of...
interest rates three times in less than two months in a bid to spur economicexpansion. On November 28, 2008, the Ministry of Finance of the People's Republic...
stability to contribute to sound economicexpansion in Member as well as non-member countries to contribute to the expansion of world trade Unlike the Organisations...
Congress, and in the ensuing years the U.S. experienced the longest economicexpansion on record by July 2019. The New York Stock Exchange and Nasdaq are...
later part of the Great Depression, World War II, and the post-war economicexpansion (1945–1973). It was developed in part to attempt to explain the Great...
nations in the world, have greatly narrowed inequality due to their economicexpansion. The global supply chain consists of complex interconnected networks...
Economic stagnation is a prolonged period of slow economic growth (traditionally measured in terms of the GDP growth), usually accompanied by high unemployment...
Money. Retrieved 8 August 2022. "Business Cycle Expansions and Contractions". National Bureau of Economic Research. Archived from the original on 5 March...
the empire during much of the 17th century was a factor in India's economicexpansion. The burgeoning European presence in the Indian Ocean and an increasing...
revitalised towns and cities. According to Alan Harvey in his book Economicexpansion in the Byzantine Empire 900–1200, archaeological evidence from both...
international boundaries. Economicexpansion, sometimes described as the colonial surplus, has accompanied imperial expansion since ancient times.[citation...
policy of the Fed was to reduce inflation, a process which limited economicexpansion. The immediate cause of the recession was a loss of consumer and business...
office at the height of the longest economicexpansion in American history. The 128-month (10.7-year) economicexpansion that began in June 2009 abruptly...
country's governance that continues to present day. The 2000s marked economicexpansion and poverty reduction, but the subsequent decade revealed long-existing...
in the Western world". The impact of the economic miracle on Italian society was huge. Fast economicexpansion induced massive inflows of migrants from...
practice of religion. The other colonies were founded for business and economicexpansion. The Middle Colonies were established on the former Dutch colony of...
federal monetary policy, deregulation, and expansion of free trade created a sustained economicexpansion, the greatest American sustained wave of prosperity...
services, data, technology, and the economic resources of capital. The expansion of global markets liberalizes the economic activities of the exchange of goods...
years' (les trente glorieuses) continued economic growth. For the United States, the postwar economicexpansion was a continuation of what had occurred...