Dictionary![]() ![]() phys•i•o•cratPronunciation: (fiz'ē-u-krat"), [key] —n. 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.
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