Social Sciences, asked by DazzleSprig, 5 hours ago

what is economic expansion??

Answers

Answered by subhojit09562

5

Answer:

Expansion, in economics, an upward trend in the business cycle, characterized by an increase in production and employment, which in turn causes an increase in the incomes and spending of households and businesses.

Explanation:

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Answered by itzlovelygirl78

23

Answer:

The phase of the buisness cycle where real gross domestic product (GDP) grows for two or more consecutive quarters.

Explanation:

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