Kondratiev Wave Definition

noun

A hypothesized cycle -like phenomenon in the modern world economy , said to range from 40 to 60 years and to consist of alternating intervals of high sectoral growth and relatively slow growth.

Wiktionary

Other Word Forms of Kondratiev Wave

Noun

Singular:
Kondratiev wave
Plural:
Kondratiev waves

Origin of Kondratiev Wave

  • Named after the Soviet economist Nikolai Kondratiev, who was the first to bring the idea to international attention in his book The Major Economic Cycles (1925).

    From Wiktionary

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