What is another word for economic expansion?

Pronunciation: [ˌiːkənˈɒmɪk ɛkspˈanʃən] (IPA)

Economic expansion refers to an increase in economic activity within a country or region, leading to higher levels of production, income, and employment. Synonyms for this phrase include economic growth, economic development, and economic progress. Other related terms include industrialization, modernization, and commercialization. Economic expansion can also be described as a boom, an upswing, or a surge in economic activity. A country experiencing economic expansion may be described as prosperous, thriving, or flourishing. Conversely, economic contraction or slowdown may be described as a recession, downturn, or slump. Regardless of the terminology used, economic expansion is typically seen as a positive development for the country or region experiencing it.

Synonyms for Economic expansion:

What are the hypernyms for Economic expansion?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Famous quotes with Economic expansion

  • But our system of regulation must keep up with this. If it fails to keep up, it will hold back economic expansion. We need financial market regulation that works at national and European level.
    John Bruton
  • Outsourcing and globalization of manufacturing allows companies to reduce costs, benefits consumers with lower cost goods and services, causes economic expansion that reduces unemployment, and increases productivity and job creation.
    Larry Elder
  • Housing has led our nation's economic expansion over the past few years, accounting for 16 percent of our Gross Domestic Product. New housing starts and home sales hit record levels from 2003 through 2005.
    Randy Neugebauer
  • Legislation to create a new 10 percent tax bracket, reduce the marriage penalty, cut the tax rate on dividends and capital gains, and increase the child tax credit have been essential elements in this economic expansion.
    Roger Wicker

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