Conjuncture

Conjuncture

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