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How Would the Philosophes Evaluate the Financial and Administrative Systems

question 45

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How would the philosophes evaluate the financial and administrative systems of France before the Revolution?


Definitions:

Domestic Industries

Domestic industries refer to sectors of an economy that produce goods or services within the country, contributing to national income and employment.

Foreign Producers

Companies or individuals that produce goods or services in a country other than where the goods or services are sold.

Comparative Advantage

The ability of a country or entity to produce a specific good or service at a lower opportunity cost than others.

World Price

It indicates the global market price of a good or service, established through the interaction of supply and demand across international borders.

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