Economic flow or circulation was introduced by French physiocrats, who expressed for the first time that the economy be conceived as:
A) circulating the transformation of natural resources into goods
B) a cycle of increases, prosperity and stagnation
C) if landowners, farmers and buyers purchase independently of one another
D) a small group of people controlling economic development
E) a system of interdependencies, in this case between landowners, farmers and buyers

Question

Quizplus · Accepted Answer

The economic flow or circulation was introduced by French physiocrats as a system of interdependencies, specifically between landowners, farmers, and buyers. They emphasized that these groups of people are interdependent and purchase independently of one another, leading to the circulation of money and goods.

Economic Flow or Circulation Was Introduced by French Physiocrats, Who