What does it mean for a city/area to experience a BOOM cycle?

The boom and bust cycle is a key characteristic of capitalist economies and is sometimes synonymous with the business cycle. During the boom the economy grows, jobs are plentiful and the market brings high returns to investors. In the subsequent bust the economy shrinks, people lose their jobs and investors lose money.

Explanation:

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1) the andrew carniage's purchase and renovation of skibo castle have been very good and auspicious for the local people of dornoch firth, scotland because this is a turistic attraction for many people who would want to know the castle, the local people would take advantage about this.

2) yes, it could.