"Kondratiev wave" meaning in All languages combined

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          "ref": "1992, Jyotiprasad Medhi, Statistical Methods: An Introductory Text, New Age International, page 335",
          "text": "Each such wave, known as Kondratiev Wave, has all the four characteristics of a business cycle. It rises on the back of new technologies and new forms of enterprise; the expansion leads to a peak, then topples over into a crash and reaches the trough. […] The first Kondratiev wave of the Industrial revolution rode on the technologies of the cotton and wrought-iron industries; […]",
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        "(economics) 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."
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