1. boom and bust - Noun
2. boom and bust - Adjective
boom and bust (plural booms and busts)
(economics, finance, business) A pattern of high prices in a given market or in the entire economy followed by ruinously low prices, falling production, and bankruptcies by producers; prosperity followed by recession.
boom-and-bust (comparative more boom-and-bust, superlative most boom-and-bust)
(economics, finance, business) 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.
boom-and-bust