The French Physiocrats believed land was the only thing that could produce a net product, this net product was the surplus generated from land. Physiocrats concluded that a reasonable measure of a society's net product is:

Question

Quizplus · Accepted Answer

Physiocrats considered land rent as the most reasonable measure of a society's net product because it directly reflects the surplus generated from the productive use of land, aligning with their belief that land is the sole source of wealth.

The French Physiocrats Believed Land Was the Only Thing That