boom


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Boom

A period of rapid, strong economic and/or stock growth. For example, some developing countries post GDP growth of 10-12% per year, especially after they have liberalized their economic policies. Likewise, some stocks may become suddenly very popular, resulting in a boom. The dot-com bubble is one of the most famous examples of a stock boom. The problem with booms is that the growth is rarely sustainable, as investors become more and more speculative and take needless risks. Thus, most booms ultimately result in busts. Many economists believe the boom-and-bust cycle is an inevitable part of doing business, while others believe that government regulation can limit both booms and busts.

boom

see BUSINESS CYCLE.

boom

a phase of the BUSINESS CYCLE characterized by FULL EMPLOYMENT levels of output (ACTUAL GROSS NATIONAL PRODUCT) and some upward pressure on the general PRICE LEVEL (see INFLATIONARY GAP). Boom conditions are dependent on there being a high level of AGGREGATE DEMAND, which may come about autonomously or be induced by expansionary FISCAL POLICY and MONETARY POLICY. See DEMAND MANAGEMENT.
References in periodicals archive ?
On May 22, Florida Governor Charlie Crist sent a letter to Homeland Security Secretary Janet Napolitano requesting more boom stating, "First, Florida must acquire adequate amounts of containment boom needed to protect our shores, beaches and estuaries.
We are honoured to support the creation of pilots for TV, Film or the Web that will become excellent programming for the small and big screens" shared Joan Vogelesang, President and Chief Executive Officer at Toon Boom.
The boom on the S-80 and S-85 models was upgraded to a single-cylinder and sequencing cable operation.
A Boom Amplitude and Direction Sensor, or BADS, and a ground weather station will also be operated by Dryden personnel.
The Boom Boom band's comeback album "Dog Bar Yacht Club," released last year, is a smart, bare-knuckled rock 'n' roll album fusing together Alexander's literate wordplay with the band's textured snap.
The sample of interest consists of individuals whose primary activity during the boom is employment in Georgia.
The technologies needed to solve the problem of the sonic boom and to reduce fuel consumption are different, and actually in conflict with one another, so we have to work out a way to keep these things in balance, as one will affect the other in a negative way.
The Australian Reserve Bank believes it was able to stop the boom with only modest rate hikes because consumers are more indebted today than they were during past business cycles.
The company said that in February 2005 one of 12 fixed-stand deicing booms sold by Global collapsed while in operation at the Philadelphia airport.
Available attachments include lifting forks, buckets, orange peel grapples and crane booms
Because the IT-producing sector is concentrated in a few geographical locations such as California, Texas, Massachusetts, Washington, and Georgia, the IT boom and bust had a disproportionate impact on these locations (Daly and Valetta 2004).
Boom was founded with the purpose of removing barriers to experiencing the planet.