An economic boom is a period of significant growth in a country's economy, characterized by increased production, higher employment rates, and rising consumer spending. During this time, businesses often expand, investments increase, and overall economic activity accelerates. This growth can lead to higher incomes and improved living standards for many people. Economic booms can be driven by various factors, including technological advancements, favorable government policies, or increased demand for goods and services. However, they can also lead to challenges, such as inflation and resource shortages, if the growth is too rapid or unsustainable.