好況 refers to economic prosperity or a boom period—when business is thriving.
COMMON EXPRESSIONS:
- 好況に沸く: to be in the midst of a boom
- 空前の好況: unprecedented prosperity
- 好況が続く: prosperity continues
- 好況時: during good economic times
CONTRAST:
- 好況: prosperity, boom
- 不況: recession, depression
- 景気: economic conditions (general term)
KANJI:
好 (good) + 況 (condition) = good economic condition.