boom

  

Definition

Period that follows recovery phase in a standard economic cycle. A boom is characterized by an economy working at full or near-full capacity, strong consumer demand, low rate of unemployment, and a rising stockmarket, usually accompanied by rapidly increasing consumer prices (inflation).

Use boom in a sentence

  • The new investors were fortunate enough to enter the market at the beginning of a boom phase which made them happy.

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  • If your product hits a boom and everyone wants it you will need to increase your supply as quick as you can.

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  • The speculative boom of the 1990s has left a huge overhang of capital which cannot be realized profitably or positively in any way.

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