A "boom" refers to a period of rapid economic growth or a significant increase in activity within a specific industry. During a boom, businesses often see higher sales, more job opportunities, and increased investment. This can lead to a positive cycle where consumer confidence rises, encouraging even more spending and growth. For example, the tech industry experienced a boom in the late 1990s, driven by the rise of the internet. Booms can also occur in other areas, such as real estate or entertainment. In real estate, a boom might mean rising property values and increased construction. Similarly, a boom in the entertainment industry could lead to more blockbuster movies and popular music releases, capturing the public's interest and generating substantial revenue.