Abstract

Cyclic economic development is a result of existed and existing changes in the relation between demand and supply in the goods market that upset its equilibrium, but this equilibrium is restored with constant time rhythms in the course of self-regulation of the number of persons engaged in the production sphere depending on a conjuncture of consumer demand. It is shown that the observed Kondratyev (Kondratieff) waves are measured in basic prices by the real value of the capital available in the production sphere and are representable by its time graphs.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.