Expansion

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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 ?
Interestingly, the Service, in INDOPCO, stated unequivocally that the 1980 legislation recognized that expenditures incurred in carrying on or expanding an existing business are generally deductible.
Vizioncore's PartnerNetwork program provides the training, support and go-to-market tools that we need to increase our effectiveness in expanding our virtualization strategies as a VMware Premier Enterprise reseller," said Jim Steinlage, president of Choice Solutions.
For all the talk in favor of expanding existing bottle bills, at least two states are considering repealing their systems in favor of other recycling and litter programs.
As they deadlocked on the issue, many commissioners said creating a network of elected neighborhood councils throughout the city - as the commission previously voted to do - is a better way to address the need for better representation than expanding the City Council.