boom and bust
Prosperity then collapse
Boom and bust describes economic cycles of rapid growth followed by sharp decline.
During the boom, markets expand, prices rise, and optimism runs high; the bust brings contraction, falling prices, and often financial crisis.
The oil industry is prone to boom and bust.
The pattern applies beyond economics to any field experiencing dramatic swings between prosperity and collapse.
- downturnEconomic decline period
- recessionProlonged economic decline
- collapseSudden structural failure
- bubbleAir-filled film sphere
- herd behaviorMimicking the group's actions
expansion · easy money · irrational exuberance · ghost town · Great Depression · speculative bubbles · housing bubble · creative destruction · panic selling · bank run · Roaring Twenties · cycle · ruin · economic cycles · bear markets · overheated · panic · inflation
- Old Westcowboy, cowboys, cowgirl, sheriff, sheriffs
- cycleslife cycle, cycle, circle of life, cycles, period
- economic historystock market crash, Industrial Revolution, trade routes, Great Depression, gold standard
- economic termssupply and demand, free market, bull market, bear market, inflation rate
- economic problemsmarket failure, recession, inflation, deflation, stagflation
- Gilded AgeGilded Age, robber baron, robber barons, Carnegie, Rockefeller
boom and buststability
Resistance to displacement
steady growth · economic stability · equilibrium · sustainable growth · steady state
boom and bustorganic growth
Growth arising internally, gradually
slow and steady · linear growth · sustainable development · soft landing · long-term growth
boom, burst, bust, booming, busted, busts, busting, booms, boomed