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Username: PrettyWoman

Rating:
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Asked to: Talitha Taslim

Date Created: 05 Jan 2018
Category 17
Tag Financial
Question Please give the definition of 'Kondratieff Wave'.
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Hi PrettyWoman,

A long-term cycle present in capitalist economies that represents long-term, high-growth and low-growth economic periods. This theory was founded by Nikolai D. Kondratieff (also spelled "Kondratiev"), a Communist Russia era economist who noticed an approximately 50-year cycle in European agricultural commodity prices and copper prices. Kondratieff believed that these long cycles were a feature of the economic activity of capitalist nations, and that they involved periods of evolution and self-correction.

Also known as "Kondratiev waves", "supercylces", "K-waves", "surges" or "long waves".

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