What context can I use each word in?
Learn when and how to use these words with these examples!
physiocracy
Example
Physiocracy was a popular economic theory in France during the 18th century. [physiocracy: noun]
Example
The physiocratic system of government prioritized agriculture and natural resources over industry and commerce. [physiocratic: adjective]
mercantilism
Example
Mercantilism was a popular economic theory in Europe during the 16th to 18th centuries. [mercantilism: noun]
Example
The mercantilist policies of the British Empire led to the colonization and exploitation of many countries. [mercantilist: adjective]
Good things to know
Which word is more common?
Mercantilism is more commonly used than physiocracy in historical and economic contexts. Mercantilism was a dominant economic theory during the 16th to 18th centuries, while physiocracy was a less influential theory that emerged later. However, physiocracy has had a greater impact on modern economic systems, such as capitalism and socialism.
What’s the difference in the tone of formality between physiocracy and mercantilism?
Both physiocracy and mercantilism are formal terms that are typically used in academic and historical contexts.
