Kondratieff wave

Kondratieff wave
/keuhn drah"tee ef', -tyeuhf/, Econ.
a long business cycle of economic expansion and contraction, postulated to last about 60 years.
[named after Nikolai Dmitrievich Kondrat'ev (1892-1935?), Russian economist, who postulated it]

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Universalium. 2010.

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  • Kondratieff wave — /keuhn drah tee ef , tyeuhf/, Econ. a long business cycle of economic expansion and contraction, postulated to last about 60 years. [named after Nikolai Dmitrievich Kondrat ev (1892 1935?), Russian economist, who postulated it] …   Useful english dictionary

  • Kondratieff cycle — UK US noun [C] (also Kondratiev, Kondratieff wave) ECONOMICS ► the idea that every 50 to 60 years, there is a period of economic growth followed by a period of recession …   Financial and business terms

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  • business cycle — a recurrent fluctuation in the total business activity of a country. [1920 25] * * * Periodic fluctuation in the rate of economic activity, as measured by levels of employment, prices, and production. Economists have long debated why periods of… …   Universalium

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