Examlex
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Economic Expansion
A phase in the business cycle where the economy grows and increases its output, characterized by a rise in employment, consumer spending, and production.
Mild Recession
A period of slight economic decline wherein the economy's growth slows down, but the downturn is not severe enough to be classified as a full recession.
Assembly Line
A manufacturing process in which parts are added to a product in a sequential manner to create a finished product much faster than with traditional manufacturing methods.
Standardized Engine
An engine design that is made uniform across different models and manufacturers, enhancing compatibility and efficiency.
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