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Kondratieff wave

[kuh n-drah-tee-ef, -tyuh f]
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noun Economics.
  1. a long business cycle of economic expansion and contraction, postulated to last about 60 years.

Origin of Kondratieff wave

named after Nikolaĭ Dmitrievich Kondratʾev (1892–1935?), Russian economist, who postulated it
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018