Boom
A boom refers to a period of increased commercial activity within either a business, market, industry, or economy as a whole. Booms are often medium to long-term periods of economic or market growth and may eventually turn into a bubble.
- For an individual company, a boom means rapid and significant sales growth.
- A boom for a country is marked by significant GDP growth.
- In the stock market, booms are associated with bull markets, whereas busts are associated with bear markets.