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Meaning of physiocrat

phys•i•o•crat

Pronunciation: (fiz'ē-u-krat"), [key]
— n.
  1. one of a school of political economists who followed Quesnay in holding that an inherent natural order properly governed society, regarding land as the basis of wealth and taxation, and advocating a laissez-faire economy.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.