51Թ

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Kondratieff wave

[kuhn-drah-tee-ef, -tyuhf]

noun

Economics.

  1. a long business cycle of economic expansion and contraction, postulated to last about 60 years.

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51Թ History and Origins

Origin of Kondratieff wave1

Named after Nikolaĭ Dmitrievich Kondratʾev (1892–1935?), Russian economist, who postulated it

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