Meaning of boom-and-bust | Babel Free

Definitions

Featuring or characterized by a boom and bust cycle in a market or an economy, in which rapid price increase is followed by falling prices or recession.

Examples

“The continued boom‐and‐bust cycles in support of education and research constitute a costly waste of the nation's human resources.”

“Florida was one of the most boom-and-bust states for home prices in the 2000s. The median price of a home in the Orlando area, for example, doubled from around $125,000 in 2002 to around $250,000 in 2006, before dropping just as fast.”

“Caplan's concerns include the Williams and Oakervee Reviews, the boom-and-bust culture for rail funding, and the hiatus on major projects.”

CEFR level