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English definition of “expansion”

expansion

noun [C or U]     /ɪkˈspænʃən/ ECONOMICS, COMMERCE
an increase in the size , number , or importance of something: a rapid/major/massive expansion the rapid expansion of the software industry the planned/possible expansion of sth The document outlines the planned expansion of the programme across the UK. airport / business / market expansionexpansion into sth Expansion into new areas of research is possible . an expansion plan / programme / project support / allow / encourage expansion fund / finance expansion
→ See also domestic credit expansion, vertical expansion
(Definition of expansion noun from the Cambridge Business English Dictionary © Cambridge University Press)
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