ˈfizēəˌkrat noun
( -s )
Etymology: French physiocrate, from physi- + -crate -crat
: a follower of a French physician and economist François Quesnay who in the 18th century founded a system of political and economic doctrines based on the supremacy of natural order and emphasizing the powers of nature as the source of public wealth and national prosperity and the only proper source of public revenue and the necessity for governing so as not to interfere with the natural laws which affect the relations and processes of society and industry
• phys·i·o·crat·ic | ̷ ̷ ̷ ̷ ̷ ̷|krad.ik, -atik adjective