What is boom?

Period that follows recovery phase in a standard economic cycle. A boom is characterized by an ...

	Thursday, February 26, 2015 boom   Term of the Day boom 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). Learn more about this term Usage Example Before the Internet boom, most publicly traded companies had to have proven track records and have a history of profitability.   Featured Article Basics of Negotiation for Beginners People learn and practice the art of negotiation from the time they are young children. For a small business, negotiation can make or break your company. Making ... Read this article   Voice Your Opinion How do you relax at the end of the day?   Take us with you! Download the BusinessDictionary app today.
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