Definition, Meaning & Synonyms
boom-bust cycle
noun
/buːm bʌst saɪkəl/
Definition
A recurring pattern of economic expansion (boom) followed by a contraction (bust).
Examples
- During the tech boom, many startups flourished, but they later faced a bust when the market corrected itself.
- The housing market experienced a boom-bust cycle, with prices soaring and then crashing.
Meaning
The boom-bust cycle describes the fluctuations in economic activity that can lead to periods of excessive growth followed by a sudden downturn.
Synonyms
- economic cycle
- business cycle
- boom-bust pattern
