'Hepatomegaly' and 'hydronephrosis' are among the most frequently looked-up words in September. Create an account and sign in to access this FREE content. The fact is that, during economic boom periods, budget deficits were not reduced. As demand for most products and services increase, loans and credits commonly grow. Copyright © 2020 MyAccountingCourse.com | All Rights Reserved | Copyright |. All rights reserved. The stillness of night was broken by the boom of a cannon. economic determinism, economic geography, economic geology, economic indicator. But hang on a moment. However, there was a boom in financial lending, borrowing and a boom in house prices. The term economic boom generally refers to countries or regions enjoying positive overall performance. You can get a certain insight into human nature from analysing the words that people look up in dictionaries. economic boom definition in English dictionary, economic boom meaning, synonyms, see also 'economic determinism',economic geography',economic geology',economic indicator'. English Collins Dictionary - English Definition & Thesaurus, Collaborative Dictionary     English Definition, line used to secure a sail when stowing it to the yard or, portmanteau word: producer + consumer. I received a letter from my aunt in Canada. What Does Economic Boom Mean? 'Hepatomegaly' and 'hydronephrosis' are among the most frequently looked-up words in September. A calendar is a chart or device which displays the date and the day of the week , and often the whole of a particular year divided up into months , weeks, and days. They were not in favour in economic boom times either. Characteristics of Boom: * Increases in demand for capital/consumer goods. Definition: An economic boom is a period of outstanding economic growth or expansion. Economic boom periods do not last forever. Decision makers should take advantage of the economic booms by augmenting production and providing more sophisticated or innovative products. Or is it? business, commercial, financial, industrial, mercantile, trade, money-making, productive, profitable, profit-making, remunerative, solvent, viable, budgetary, financial, fiscal, material, monetary, pecuniary, cheap, fair, inexpensive, low, low-priced, modest, reasonable, English Collins Dictionary - English synonyms & Thesaurus, Collaborative Dictionary     English Thesaurus, line used to secure a sail when stowing it to the yard or, portmanteau word: producer + consumer. of, characteristic of, or resulting from a boom in business, etc. economic boom synonyms and antonyms in the English synonyms dictionary, see also 'economic',economics',economical',economize', definition. economic activity? This relates in particular to the better use of periods of economic boom to improve the situation in public finances. economic boom definition in English dictionary, economic boom meaning, synonyms, see also 'economic determinism',economic geography',economic geology',economic indicator'. mathematical formula Definition of economic boom A very rapid economic growth. All rights reserved. six months; A more detailed definition: A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and retail sales.