Question

Define Long Wave Cycle? Explain the evolution of Production Technology & product Technology.

Answer 1

Hey mate!

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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.

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Answer 2

Answer:

hiii mate ☺️

here's ur answer in this attachment