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Kondratiev wave
Kon·dra·ti·ev wave
[
kən drtee èf wàyv,
kən drá chèf wàyv
]
or
Kon·dra·ti·eff wave
[
kən drtee èf wàyv,
kən drá chèf wàyv
]
noun
Definition:
theory of 50-year business cycle:
a theory that capitalist economies experience major business cycles that recur at about 50 years
[
After N. D. Kondratiev (1892-1935?), Soviet economist
]
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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