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Kondratieff wave
[ kuhn-drah-tee-ef, -tyuhf ]
noun
, Economics.
- a long business cycle of economic expansion and contraction, postulated to last about 60 years.
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Word History and Origins
Origin of Kondratieff wave1
Named after Nikolaĭ Dmitrievich Kondratʾev (1892–1935?), Russian economist, who postulated it
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