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The physiocrats were an 18th-century group of French economists who believed in the importance of agriculture as the primary source of wealth in society. Their main pro was their focus on the natural order of the economy and the idea that wealth came from the land. However, their main con was their limited view of economic activity, as they often overlooked the role of manufacturing and trade in creating wealth. Additionally, their ideas were not always practical or easily implemented in complex modern economies.

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ProfBot

10mo ago

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