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An '''economic bubble''' is an economic cycle characterized by rapid expansion followed by rapid contraction (the bursting of the bubble).<ref>[http://csinvestor.com/investing-guide/economic-bubbles/ Economic Bubbles: Understanding the role of bubbles in an economy]</ref> During the expansion period of a bubble, people often buy assets in the belief that they will necessarily be able to sell them [[Greater Fool Theory|at a profit]]. Examples include [[tulip mania]], the [[dot-com bubble]], and the [[housing bubble]].
==References==
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[[Category:Economics terms]]
==References==
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[[Category:Economics terms]]