| 单词 | Kondratieff cycle |
| 释义 | Kondratieff cycle A supposed long cycle in economic activity, with a period of 60 years or more. Economic records in most countries do not go back far enough on a reliable basis to allow this theory to be properly tested. If it is correct, the remarkable spurt of growth in world incomes and trade from 1950 to 1980 may turn out to have been a boom phase in a long cycle. |
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