What does resources boom mean?

A resources boom refers to a significant and rapid increase in the extraction and production of Natural Resources, typically driven by high demand and rising prices for commodities such as minerals, oil, and gas. This boom can lead to economic growth, job creation, and increased investment in resource-rich regions. However, it may also result in challenges such as environmental degradation, inflation, and economic dependency on resource industries. Overall, a resources boom can have both positive and negative impacts on local and national economies.