What is economic boom?

An economic boom is the expansion and peak phases of the business cycle. It's also known as an upswing, upturn, and a growth period. During a boom, key economic indicators will rise. Gross domestic product (GDP), which measures a nation's economic output, increases.

What is a business boom?

Certain events can be citywide or nationwide booms for business activity, such as hosting the Olympics, which translates into capital investment, TV broadcasting deals, sponsorship deals, and tourism. On a more aggregate level, a boom is indicated by increasing output and income, employment, prices, profit, and interest rates.

What is an example of a stock boom?

Stocks that suddenly become very popular and gain strong, elevated market profits are the result of a stock boom. An example of this is the internet technologies boom or "dot-com bubble" that occurred during the late 1990s. This was one of the most famous booms in stock market history.