economic boom

Definition

A period of significant output within a population. The period is marked by productivity increases, sales increases, wage increases and rising demand. An economic boom may be accompanied by a period of inflation.

Use economic boom in a sentence

  • You may find that an economic boom will do great things for your company and will need to adjust to the times.

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  • Thanks to the well timed arrival of World War II, the United States found itself the recipient of an economic boom, the likes of which it had never experienced before.

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  • There was a huge economic boom and everything started to fly off the shelves at an alarming rate, which was great for business.

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