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boom-and-bust

 

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Term: boom-and-bust

Definition: Boom-and-bust refers to a cycle of economic growth (boom) followed by a rapid decline (bust), typically characterized by fluctuations in various industries or markets.

Sense 1 (Noun): A period of rapid economic expansion and subsequent contraction.

Example sentence: The country experienced a boom-and-bust cycle after the discovery of oil in the region.

Sense 2 (Adjective): Describing a pattern characterized by alternating periods of prosperity and decline.

Example sentence: The boom-and-bust nature of the mining industry makes it difficult for stable employment.

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