kondratieff-wave

Kon·dra·tieff wave

[kuhn-drah-tee-ef, -tyuhf]
noun Economics.
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

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