Boom

In general knowledge, a "boom" refers to a significant increase or rapid growth in economic activity, industry, or a specific market. This can manifest as rising production, higher employment rates, and increased consumer spending. Often characterized by optimism and investment, a boom can lead to a flourishing economy. However, if it grows too fast, it might result in inflation or economic bubbles. Booms can occur in various sectors, such as technology, real estate, or the stock market, and are often followed by periods of economic decline or “bust.”