Mercantilists v. Physiocrats Flashcards
Animations real world is determined by the store of precious metals
Mercantilism
The nations real wealth is derived from the land in its natural resources
Physiocrats
Free trade should be encouraged among nations through the absence of excess of laws and taxes
Physiocrats
The importation of foreign goods should be limited to restrictions and high tariffs
Mercantilism
The government should allow people to make their own choices because free labor is more productive than controlled labor
Physiocrats
Government is needed to control population patterns by dictating where people live and where they may work in order to ensure productivity
Mercantilism
Industries need governmental regulation special privileges and protection to ensure their survival
Mercantilism
Industries flourish best women allowed to make their own choices free of government intervention
Physiocrats