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ExpansionEconomic expansionExpansionPhase of the business cycle as it climbs from a trough toward a peak.Expansion Similar MatchesBusiness Expansion SchemeBusiness Expansion SchemeA tax-efficient investment vehicle, designed to provide venture capital funds for small businesses. Replaced by the Enterprise Investment Scheme in 1994. Internal expansionInternal expansionGrowth of assets resulting from internal financing or internally generated cash flow. ExpansionaryExpansionaryTending to cause aggregate output (GDP) and/or the price level to rise. Term is typically applied to monetary policy (an increase in the money supply or a decrease in interest rates) and to fiscal policy (an increase in government spending or a tax cut), but may also apply to other macroeconomic shocks. Contrasts contractionary. Economic expansionEconomic expansionThe upward phase of the business cycle, in which GDP is rising and unemployment is falling over time. Voluntary import expansionVoluntary import expansionThe use of policies to encourage imports, in response to pressure from trading partners. Due to Bhagwati (1987). |
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