Definition, Meaning & Synonyms

economic-boon

noun

ɪˈkɒn.ə.mɪk buːn

Definition

A significant benefit or improvement to the economy.

Examples

The new technology startup has created an economic boon for the local community.
Tourism has proven to be an economic boon for the region, boosting local businesses.
Government investments in infrastructure can lead to an economic boon for struggling areas.

Meaning

An economic boon refers to a situation or event that results in positive changes or advantages for the economic environment. This could include increased job opportunities, growth in business sectors, or improvements in financial stability.