0
An economic boom is when buyers find themselves paying more and more of products. They will most likely be earning more money to be able to fund these consumer goods. Then when the prices are too high and when people cannot afford to buy the things they need there is an economic bust. Busts may be caused by many things. In the USA in 1929 the bust was caused by over production and the wall street crash. For further reading follow the link below.
Wiki User
∙ 14y ago
Wiki User
∙ 13y agoAn economic boom is a period of high financial growth in economy. GDP (Gross Domestic Product) is as a result increasing greatly, and consumer demand is strong. Consequently business firms will have healthy sales and will be generating large profits. A "bust" is a period of reduced economic activity, low growth, and reduced supply and demand.
Boom and Bust
The term boom and bust refers to a great buildup in the price of a particular commodity or, alternately, the localized rise in an economy, often based upon the value of a single commodity, followed by a downturn as the commodity price falls due to a change in economic circumstances or the collapse of unrealistic expectations.
Boom and bust phenomena have existed for centuries. During a "boom" period, buyers find themselves paying increasingly higher prices until the "bust", at which time the goods and commodities for which they have paid inflated prices may end up as valueless or nearly so.
Wiki User
∙ 13y agoAn economic boom are periods of high financial growth in economy. GDP(Gross Domestic Product) is as a result increasing greatly and consumers demand is strong;consequently business firms will have healthy sales and will be generating large profits.
Wiki User
∙ 13y agoa business cycle
Add your answer:
Earn +20 pts
What is boom to bust?
a fast economic
What characteristic of economic panics in the early 1800s?
the boom and bust cycle of capitalism
What was the characteristics of economic panics in the early 1800's?
The boom-and-bust cycle of capitalism.
Does capitalism advocate government action to stop boom and bust cycles in the economy?
No capitalism does not advocate government action to stop boom and bust cycles in the the economy. The economic theory of Keynesian is usually what advocates it.
Can you use boom and bust in a sentence?
Use bust in a sentence
What is boom to bust?
a fast economic
What is true in a boom bust cycle?
When the number of plants decrease, the number of animals decrease.
What characteristic of economic panics in the early 1800s?
the boom and bust cycle of capitalism
What coused the economic panics of the 1800s?
e boom and bust cycle of capitalism
What was the characteristics of economic panics in the early 1800's?
The boom-and-bust cycle of capitalism.
Does capitalism advocate government action to stop boom and bust cycles in the economy?
No capitalism does not advocate government action to stop boom and bust cycles in the the economy. The economic theory of Keynesian is usually what advocates it.
What actors and actresses appeared in Boom Bust Boom Bust Boom - Your Part in Ruining the Economy - 2014?
The cast of Boom Bust Boom Bust Boom - Your Part in Ruining the Economy - 2014 includes: Philip Bulcock as Various Terry Jones as himself
When was Boom Dot Bust created?
Boom Dot Bust was created in 1999.
What does the idiom boom and bust mean?
Bust means failure ofeconomy and Boom meanssuccess of economy
Would the Great Depression be described as a boom or a bust?
a bust, a boom is a period of increased ecomonic activity
What is the cycle of a boom town?
The term boom and bust cycle is used in finance. One thing which is true in a boom and bust cycle is that there is always a contracting and expanding economic expansion.
What is bust's opposite?
Boom
