physiocrat Definition
an advocate of the economic theory that government should not interfere with the free operation of the economy.
Using physiocrat: Examples
Take a moment to familiarize yourself with how "physiocrat" can be used in various situations through the following examples!
Example
The physiocrats believed that the government should not interfere with the natural laws of the economy.
Example
The physiocrats were opposed to mercantilism and advocated for free trade.
Example
Adam Smith was influenced by the ideas of the physiocrats.
physiocrat Synonyms and Antonyms
Synonyms for physiocrat
- laissez-faire economist
- free-market economist
- libertarian economist
Phrases with physiocrat
laissez-faire
a policy or attitude of letting things take their own course, without interfering.
Example
The physiocrats believed in laissez-faire economics.
international trade left to its natural course without tariffs, quotas, or other restrictions.
Example
The physiocrats were advocates of free trade.
Example
The physiocrats believed in the invisible hand of the market.
Origins of physiocrat
from French 'physiocrate', from Greek 'physis' meaning 'nature' and 'kratos' meaning 'power'
Summary: physiocrat in Brief
A 'physiocrat' [fiz-ee-uh-krat] is an advocate of the economic theory that government should not interfere with the free operation of the economy. They believe in laissez-faire economics, free trade, and the invisible hand of the market. The ideas of the physiocrats influenced Adam Smith.
