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Kondratieff wave

[kuh n-drah-tee-ef, -tyuh f] /kənˈdrɑ tiˌɛf, -tyəf/
noun, Economics
1.
a long business cycle of economic expansion and contraction, postulated to last about 60 years.
Origin
named after Nikolaĭ Dmitrievich Kondratʾev (1892-1935?), Russian economist, who postulated it
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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