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physiocrat Definition

physio·crat (fiz′ē ə krat′)

noun

a believer in the 18th-cent. French economic theory that land and its products are the only true sources of wealth and hence the only logical basis of revenue, and that freedom of opportunity and trade and security of person and property are essential to prosperity

Etymology: Fr physiocrate: see physio- & -crat

physiocrat Related Forms
phys′io·crat′ic adjective