Economic expansion refers to a period when a country's economy grows, typically measured by an increase in its Gross Domestic Product (GDP). During this time, businesses often invest more, leading to higher production levels, job creation, and increased consumer spending. This growth can result from various factors, including technological advancements, increased demand for goods and services, and favorable government policies. As the economy expands, people generally experience improved living standards, as wages may rise and unemployment rates tend to fall. However, sustained economic expansion can also lead to challenges, such as inflation, where prices increase due to higher demand. Balancing growth with stability is crucial for long-term economic health.