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Economics Definition
(n.) The science of household affairs, or of domestic management.
(n.) Political economy; the science of the utilities or the useful application of wealth or material resources. See Political economy, under Political.
[Voltaire] theoretically prefers a republic, but he knows its flaws: it permits factions which, if they do not bring on civil war, at least destroy national unity; it is suited only to small states pr...
Will Durant
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democracy, development, economics, egalitarianism, government, monarchy, politics, republic, voltaire