Boom And Bust Cycle

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Definition: Boom And Bust Cycle

Boom And Bust Cycle
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Full Definition of Boom And Bust Cycle

A type of cycle experienced by an economy characterized by alternating periods of economic growth and contraction. During booms an economy will see an increase in its production and GDP. During busts an economy will see a fall in production and an increase in unemployment.

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Boom And Bust Cycle. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 24, 2024 https://payrollheaven.com/define/boom-and-bust-cycle/.
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Boom And Bust Cycle. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/boom-and-bust-cycle/ (accessed: April 24, 2024).
American Psychological Association (APA):
Boom And Bust Cycle. PayrollHeaven.com. Retrieved April 24, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/boom-and-bust-cycle/

Definition Sources

Definitions for Boom And Bust Cycle are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.