🌾physiocracy

noun
/ˌfɪzɪˈɑːkrəsi/

Meaning

an economic theory that land and its natural products are the source of wealth

Example Sentences

Physiocracy emphasized the importance of agriculture in national wealth.

Synonyms

land-based economy, agrarian theory, economic naturalism, agriculture-centric system

Antonyms

industrialism, mercantilism

Collocations

principles of physiocracy, physiocracy theory, physiocratic economists

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