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English definition of “expansion”

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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 industrythe 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 from the Cambridge Business English Dictionary © Cambridge University Press)
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