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physiocratic
Variant of physiocrat
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
Related Forms:
- physiocratic adjective
Webster's New World College Dictionary Copyright © 2010 by Wiley Publishing, Inc., Cleveland, Ohio. Used by arrangement with John Wiley & Sons, Inc.
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