Definition of Kondratieff cycle:
Long-duration economic cycle of major capital goods expansion that plays out over a period of about 60 years and underlies the usual boom-bust cycles characteristic of a capitalist economy. Named after its proponent, the Russian economist Nikolai Dmitrijewitsch Kondratieff (1892-1938). Also called long wave cycle.
Meaning of Kondratieff cycle & Kondratieff cycle Definition