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Economic vs Physiocrat - What's the difference?

economic | physiocrat |

As an adjective economic

is economic.

As a noun physiocrat is

(economics|historical) any of a group of economists in 18th century france who believed that the government should not seek to influence the operation of natural economic laws.

economic

English

Alternative forms

* economick (archaic) * (archaic) * (obsolete)

Adjective

(en adjective)
  • Pertaining to an economy.
  • * {{quote-magazine, date=2013-08-03, volume=408, issue=8847, magazine=(The Economist)
  • , title= Boundary problems , passage=Economics is a messy discipline: too fluid to be a science, too rigorous to be an art. Perhaps it is fitting that economists’ most-used metric, gross domestic product (GDP), is a tangle too. GDP measures the total value of output in an economic territory. Its apparent simplicity explains why it is scrutinised down to tenths of a percentage point every month.}}
  • Frugal; cheap (in the sense of representing good value) ; economical.
  • Pertaining to the study of money and its movement.
  • Usage notes

    Modern usage prefers economic' when describing the economy of a region or country (and when referring to personal or family budgeting).
    '
    Economical
    is preferred when referring to thrift or value for money.

    Derived terms

    * economical * economics

    Anagrams

    * ----

    physiocrat

    Noun

    (en noun)
  • (economics, historical) Any of a group of economists in 18th century France who believed that the government should not seek to influence the operation of natural economic laws.
  • *2002 , , The Greta Nation , Penguin 2003, p. 219:
  • *:The Physiocrats espoused a professional service ethic and, in the interests of societal welfare, sought to establish laws of political economy and social relations.