‖ produit net
(prɔdɥi nɛt)
[Fr., lit. ‘net product’.]
In the politico-economical doctrine of the physiocrats, the amount of the excess of the value of agricultural products over the cost of their production. (Cf. physiocrat.)
| 1792 A. Young Trav. France I. xxii. 559 By pursuing the jargon of the produit net, and making it variable, instead of fixed, every species of inconvenience and uncertainty has arisen. 1885 Encycl. Brit. XIX. 360/1 The real annual addition to the wealth of the community consists of the excess of the mass of agricultural products (including..metals) over their cost of production. On the amount of this ‘produit net’ depends the wellbeing of the community. 1931 M. Dobb in W. Rose Outl. Mod. Knowl. xvi. 598 The essential definition of ‘productive’ as creative of surplus or produit net. 1965 Seldon & Pennance Everyman's Dict. Econ. 53 Cantillon's contention that only agricultural enterprises yield a surplus over the costs of production gave rise to the Physiocrats' concept of ‘produit net’. |