Economic vs Physiocrat - What's the difference?
economic | physiocrat |
Pertaining to an economy.
* {{quote-magazine, date=2013-08-03, volume=408, issue=8847, magazine=(The Economist)
, title= Frugal; cheap (in the sense of representing good value) ; economical.
Pertaining to the study of money and its movement.
' Economical is preferred when referring to thrift or value for money. (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.
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)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.}}
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.