An economic boom is a period of significant economic growth and activity. During such times, economies will typically see a rapid increase in production, sales increases, job creation, and overall consumer confidence. Booms are part of the business cycle and are typically followed by a downturn.
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Jenna Lofton, MBA is a stock trading and investment expert with over a decade of experience in the financial industry. She began her career as a financial advisor on Wall Street and now helps everyday investors make smarter financial decisions through StockHitter.com.
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