Kondratiev Wave Definition
noun
A hypothesized cycle -like phenomenon in the modern world economy , said to range from 40 to 60 years and to consist of alternating intervals of high sectoral growth and relatively slow growth.
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Other Word Forms of Kondratiev Wave
Noun
Singular:
Kondratiev wave
Plural:
Kondratiev wavesOrigin of Kondratiev Wave
Named after the Soviet economist Nikolai Kondratiev, who was the first to bring the idea to international attention in his book The Major Economic Cycles (1925).
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