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What is difference between growth and …

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What is difference between growth and expansion?
  • 4 answers

Sia ? 3 years, 5 months ago

Economic growth refers to the growth of the economy in terms of real GDP. Expansion is the phase in the business cycle in which this economic growth is occurring.  

The costs of inflation means that the price level increases. This then reduces the purchasing power of a dollar and thus effectively lowers the incomes of households, since they can no longer purchase the same amount of stuff they once could with the same amount of money. It also causes erosion of personal savings, since the money is not worth as much any more.

Sameep Rj Sameep Rj 4 years, 6 months ago

According to expanision is the act of expanding or become wider while growth is an increase in size, number ,value or strength But, according to the business view, expansion is to become business wider and wider but growth is to become bulding more profit, increasing the no. Of employees and strenght of the company's... thank u??

Priyanshi ( ╹▽╹ ) 4 years, 6 months ago

As nouns the difference between expansion and growth is that expansion is the act or process of expanding while growth is an increase in size, number, value, or strength.

Varun Deepankar 4 years, 6 months ago

Hey both are synonyms... Don't give us that situation of pause in our thinking capacity by putting your stupid Question
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