a. In terms of key agents for producingwealth, how did the mercantilist, physiocratsand classicists differ in their approach?b. Explain briefly the chief elements ofmercantilismc. How do present day statement echo theviews of the mercantilist?d. How did the physiocrats influence theclassicists?e. What was the stationary state envisionedby the classicists?

Physiocracy etymologically denoted the “rule of nature,” and also the physiocrats envisaged a…

Answered: a. In terms of key agents for producing…

a. In terms of key agents for producing wealth, how did the mercantilist, physiocrats and classicists differ in their approach? b. Explain briefly the chief elements of mercantilism

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Question

a. In terms of key agents for producing
wealth, how did the mercantilist, physiocrats
and classicists differ in their approach?
b. Explain briefly the chief elements of
mercantilism
c. How do present day statement echo the
views of the mercantilist?
d. How did the physiocrats influence the
classicists?
e. What was the stationary state envisioned
by the classicists?

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