Expansion


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Related to Expansion: Binomial expansion, Thermal expansion, Taylor expansion

Expansion

Phase of the business cycle as it climbs from a trough toward a peak.

Expansion

In a business cycle, a period of growth during which an economy moves from its trough to its peak. For example, if an economy dips to growth of -2.5% and then recovers to 3% growth, this period is called expansion. It is considered a normal and inevitable part of a business cycle following a recession or other contraction. Expansion is also called recovery.
References in periodicals archive ?
the thermal expansion shows a relaxation of volume in the glassy component and an abrupt increase in volume as the crystalline component melts;
With the expansion, Johnson hopes to draw more people.
The HIFA initiative does not provide extra federal funds to pay for these expansions and may require significant cuts to the benefits packages, increased cost-sharing or enrollment caps to maintain affordability.
Astronomers have observed only a few supernovas that are distant enough to qualify for this test, but their brightness supports the hypothesis that dark energy is driving cosmic expansion.
What if you go forward with your expansion and sales drop 50% in the next year?
Professional services, including accounting, law, architecture and engineering as well as personnel services, posted the largest number of major expansions in 2005 with 52, up 11 from 2004.
Furthermore, say opponents, expansions come in the face of static demand.
The expansion is slated for completion by the end of 1999.
Activists say they'll be extra-vigilant in the next few years, as the industry continues its expansion and consolidation.
Real GDP growth picked up to more than 3 percent over the four quarters of 1996, as the economy progressed through its sixth year of expansion.
At the core of the Company's premium melt capacity expansion program will be an approximate 40 percent increase in its vacuum induction melting (VIM) capacity.
The previously announced 10,000 square-foot casino expansion will accommodate approximately 300 additional slot machines increasing the Rio's total gaming offerings to approximately 2,300 slot machines and 50 table games in an 89,000 square-foot casino area to serve both the Las Vegas locals and an expanded base of hotel guests.