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What is economic expansion?

Economic expansion is a growth phase in the business cycle marked by increased production, employment, and spending. It's part of a four-phase cycle: expansion, peak, contraction, and trough, bringing prosperity, low-interest rates, and reduced unemployment.

What are the features of economic expansion?

Let us look at the features of the economic expansion include: Increased GDP: Economic expansion is marked by a sustained rise in a nation’s gross domestic product, indicating overall economic growth and increased production of goods and services.

How long does economic expansion last?

Expansions might last anywhere from four to five years on average. Interest rates, business profits, and capital expenditures are a few indicators to consider when determining whether the economy is entering a recession or boom. Economic expansion is a growth phase in the business cycle marked by increased production, employment, and spending.

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