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English definition of “boom”

boom

verb [I]     /buːm/ ECONOMICS, FINANCE
to experience an increase in economic activity, interest, or growth: Small businesses have boomed, since the government passed a new law making it easier to set them up. Business is booming, producing increased earnings. With the economy booming, opportunities have never been better for entrepreneurs. → See also boom and bust
(Definition of boom verb from the Cambridge Business English Dictionary © Cambridge University Press)
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