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boom-bust cycle
/bˈuːmbˈʌst sˈaɪkəl/
boom and bust cycle
Boom-bust cycle
01
an economic cycle characterized by periods of rapid economic expansion followed by periods of contraction or recession
Grammatical Information
Animacy status
Abstract
Composition
Compound
Countable
Plural form
boom-bust cycles
Examples
The housing market experienced a classic boom-bust cycle, with prices soaring rapidly before crashing suddenly.
