In general, a conjuncture is a period marked by some watershed event which separates different epochs.

Look up conjuncture in Wiktionary, the free dictionary.

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.

[edit] See also

• business cycle

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