Kondratieff wave

[ kuh n-drah-tee-ef, -tyuh f ]
/ kənˈdrɑ tiˌɛf, -tyəf /

noun Economics.

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


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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. 2020