Boom And Bust Economic Analysis

In Texas, the economy is known as the “Boom and Bust” economy, because a boom is the point at which the economy is okay. Individuals are stud and burning through cash unreservedly. At the point when gold was found in California and Oil found in West Texas it was a boom. Towns grew up around the gold and oil fields. Individuals there earned a great deal of cash and spent it. So the economy was solid. At that point the gold or oil ran out, or more was found elsewhere, and individuals moved to new places. The economy of the gold and oil towns went down and a few towns progressed toward becoming apparition towns. You can likewise utilize financial matters terms "supply and demand" to comprehend the boom and bust cycles. On the off chance that there