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Kondratiev wave
Kon·dra·ti·ev wave [ kən drtee èf wàyv, kən drá chèf wàyv ] or Kon·dra·ti·eff wave [ kən drtee 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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