Definition, Meaning & Synonyms
boom-time
noun
/ˈbuːm taɪm/
Definition
A period of rapid economic growth and prosperity.
Examples
- During the boom-time of the 1990s, the technology sector saw extraordinary growth.
- Many businesses expanded rapidly in the boom-time, hiring more staff to keep up with demand.
Meaning
Boom-time refers to a phase in the economy where there is a sharp increase in business activity, investments, and consumer spending, often resulting in job creation and rising incomes.
Synonyms
- prosperous period
- economic boom
- growth phase
