Question

Define the theory of physiocrats?
ans -

Answer 1

Physiocracy (French: Physiocratie; from the Greek for "government of nature") is an economic theory developed by a group of 18th-century Enlightenment French economists who believed that the wealth of nations was derived solely from the value of "land agriculture" or "land development" and that agricultural products ...

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Answer 2

Physiocracy is an economic theory developed by a group of 18th century Englishtenment French economists who believed that the wealth of nations was derived solely from the value of " land agriculture" or " land development " and that Agricultural Products should be highly priced .Physiocracy is one of the first well developed theories of Economics