Kondratiev Wave
Kondratiev waves (also called supercycles, great surges, long waves, K-waves or the long economic cycle) are described as sinusoidal-like cycles in the modern capitalist world economy. Averaging fifty and ranging from approximately forty to sixty years, the cycles consist of alternating periods between high sectoral growth and periods of relatively slow growth. Unlike the short-term business cycle, the long wave of this theory is not accepted by current mainstream economics.
Read more about Kondratiev Wave: History of Concept, Characteristics of The Cycle, Modern Modifications of Kondratiev Theory, Criticism of Long Cycles
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