boom and bust Meaning in the Cambridge English Dictionary
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Meaning of “boom and bust” in the English Dictionary

"boom and bust" in Business English

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boom and bustnoun [U]

uk   us  
ECONOMICS a ​situation in which an ​economy or ​businessregularly goes through ​periods of ​increasedactivity and ​successfollowed by ​periods of ​failure: The ​history of ​oil is one of ​boom and ​bust. In the ​goldindustry,boom and ​bustcycles last an ​average of 10 ​years. The country seems, for now at least, to have ​left behind boom-and-bust ​economics.
(Definition of boom and bust from the Cambridge Business English Dictionary © Cambridge University Press)
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