KONDRATIEFF WAVE


Meaning of KONDRATIEFF WAVE in English

/keuhn drah"tee ef', -tyeuhf/ , Econ.

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

[ named after Nikolai Dmitrievich Kondrat'ev (1892-1935?), Russian economist, who postulated it ]

Random House Webster's Unabridged English dictionary.      Полный английский словарь Вебстер - Random House .