boom

(redirected from crane boom)
Also found in: Dictionary, Thesaurus, Encyclopedia.
Related to crane boom: crawler crane

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

boom

see BUSINESS CYCLE.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
Optimization problem of load positioning in this study [42-44] has not fully addressed the natural frequencies estimation for the system "crane boom-payload" in the case of a fully rigid crane boom model.
[11] have applied a topological modeling approach to a dynamic simulation of multiple floating cranes in shipyards taking into account crane boom oscillations.
That, along with their compact cartridge design, saves cost, size and weight when compared to manifold systems, while performing in a range of control applications, such as drill rig motor drives; hydraulic motor drive circuits for lift equipment such as scissors or aerial work platforms; aircraft ground support equipment; speed controls for forklift mast systems; and metering of crane boom functions.
This is also the second incident of a crane related accident in Taman Desa, after a crane boom crashed and killed a person in October last year.
The four victims, two Indonesians and two Bangladeshis, were working at plot three of the i-City construction site when they were hit by the crane boom arm.