Boom and bust

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noun

A pattern where something, like a business or a country's economy, grows fast and then rapidly shrinks down.

The housing market is known for its boom and bust cycle.
Visual representation of "boom and bust" - A pattern where something, like a business or a country's economy, grows fast and then rapidly shrinks down.

Often appears as...

  • boom and bust cycle
  • boom and bust economy

Usage tips

Economic

Definition 1 of 2
Visual representation of "boom and bust"
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Economic Cycles

Understand 'boom and bust' as a natural economic cycle, not always predictable or controllable.

Illustration for Economic Cycles
Many investors were unprepared for the dot-com boom and bust.
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Negative Connotation

'Boom and bust' often implies negative outcomes, particularly financial loss or economic hardship.

Illustration for Negative Connotation
Families suffered during the mining town's boom and bust.
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Historical Reference

Use 'boom and bust' to refer to historical economic patterns that are well-documented.

Illustration for Historical Reference
The Gold Rush was a classic example of boom and bust.
Visual representation of the word "Boom and bust"

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