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Documents PHYSIOCRACY Begins in 1756. OVERVIEW OF THE PHYSIOCRATS A reaction to mercantilism and to the feudal...

PHYSIOCRACY Begins in 1756 OVERVIEW OF THE PHYSIOCRATS A reaction to mercantilism and to the feudal system of old regime in France. Too detail regulation retard development.…

Documents The Nature and Importance of Economics

THE NATURE AND IMPORTANCE OF ECONOMICS CHAPTER II THE CIRCULAR FLOW OF ECONOMIC ACTIVITY TWO BASIC ACTIVITIES UNDERTAKEN: Production â perform by the firm Consumption- undertake…