History, asked by vignesht93, 11 months ago

what is meant by booming economy​

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Answered by aditi346454
2

Answer:

An economic boom is the expansion and peak phases of the business cycle. It's also known as an upswing, upturn, and a growth period. During a boom, key economic indicators will rise. Gross domestic product, which measures a nation's economic output, increases.

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Answered by NeverMind11
2

Explanation:

An economic boom is the expansion and peak phases of the business cycle. It's also known as an upswing, upturn, and a growth period. During a boom, key economic indicators will rise. Gross domestic product, which measures a nation's economic output, increases.

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