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Boom

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.

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