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ANCIEN REGIME - Coggle Diagram
ANCIEN REGIME
THE ENLIGHTENMENT
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economic ideas
physocracy
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believed
agriculture, country's main source of wealth
craftmanchip and trade are secondary activities, since they rely on agriculture
absolute monarchs, sould not intervene in the economy
economic liberalism
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aregued for
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free competition
would force the business owner to improve the quality of his or her products and/or reduce prices in order to sell
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