Question

Three paragraphs on topic 'IT A BOOM'.

Answer 1

BREAKING DOWN 'Boom' Stocks that suddenly become very popular and gain strong, elevated market profits are the result of a stock boom. An example of this is the internet technologies boom or "dot-com bubble" that occurred during the late '90s. This was one of the most famous booms in stock market history.

A company or industry boom results in an increase of output, jobs and investment in that industry. Certain events can be citywide or nationwide booms for business activity, such as hosting the Olympics, which translates into capital investment, TV broadcasting deals, sponsorship deals and tourism. TV broadcasting revenue alone is projected to be $4.1 billion for the 2016 Summer Olympics in Brazil.

Conversely, a downturn in a particular industry or financial sector can result in a bust for an entire city or state, especially if the region has invested too heavily in that industry or sector. Arizona and Nevada are currently mired in an economic slump because they were hit hardest by the real estate bust and resulting mortgage crisis of 2007.