Capitalist economies have shown an erratic but sustained tendency towards economic growth, when measured as an increase in GDP.
Russian economist Nikolai Kondratiev theorized that capitalist economies move in a large cycle he called a Kondratiev wave. Each Kondratiev Wave lasts 50 to 60 years. A Kondratiev wave consists of a period of strong growth followed by slowing growth.
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.
[1] Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit or state-owned.
Named after Soviet economist Mikhail Kondratiev, the theory that Western capitalist economies are susceptible to high performance volatility. Sometimes called Kondratiev cycles, it refers to stock market cycles which last 50-60 years. ...
Kondatratiev Wave - An economic theory created by Soviet economist Nikolai Kondratiev that states that Western capitalist economies are susceptible to high performance volatility.
Also known as "Kondratiev cycle".
Economy in which considerable government intervention takes place in order to direct economic activity. Socialist and communist economies are managed much more than capitalist economies, which rely more upon market forces to direct economic activity.
 See also: Capitalist, Capitalism, Cycles, Expense, Concentration
  
|
RSS
