physiocratic Definition
of or relating to the economic theories of the Physiocrats, who believed in a natural order to society and economy, with agriculture as the basis of wealth and opposed mercantilism.
Using physiocratic: Examples
Take a moment to familiarize yourself with how "physiocratic" can be used in various situations through the following examples!
Example
The physiocratic theory was influential in the development of modern economics.
Example
The physiocratic school of thought emphasized the importance of agriculture in the economy.
Origins of physiocratic
from French 'physiocrate', from Greek 'physis' meaning 'nature' and 'kratos' meaning 'power'
Summary: physiocratic in Brief
The term 'physiocratic' [fiz-ee-uh-krat-ik] refers to the economic theories of the Physiocrats, who believed in a natural order to society and economy, with agriculture as the basis of wealth and opposed mercantilism. It is an adjective used to describe this school of thought.
