Question

Explain in details the factors that gave rise to physiocracy and the contributions the physiocrats made to economic thought.

Answer 1

Explanation:

he Factors That Gave Rise to Physiocracy: In 1750, France provided a favourable climate for the emergence of physiocratic ideas. There were many economic, political and social factors that were responsible for the rise of physiocracy. Firstly, physiocracy was essentially a revolt of the French against Mercantilism