- Conjuncture
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In general, a conjuncture is a period marked by some watershed event which separates different epochs.
In economics, conjuncture (fluctuation) is a critical combination of events.
- Boom is a time of high business activity, prosperity, peak of business cycle, "bull" market, and/or strong expansion.
- Depression is a time of acutely low business activity, "bear" market, slumping prices and demand, recession, bust.
See also
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