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Illustration of the original visualisation of the Tableau by Quesnay, 1759.. The Tableau économique (French pronunciation: [tablo ekɔnɔmik]) or Economic Table is an economic model first described by French economist François Quesnay in 1758, which laid the foundation of the physiocratic school of economics.
François Quesnay (/ k eɪ ˈ n eɪ /; French: [fʁɑ̃swa kɛnɛ]; 4 June 1694 – 16 December 1774) was a French economist and physician of the Physiocratic school. [1] He is known for publishing the "Tableau économique" (Economic Table) in 1758, which provided the foundations of the ideas of the Physiocrats. [2]
The Tableau économique or Economic Table is an economic model first described by François Quesnay in 1759, which laid the foundation of the physiocrats’ economic theories. [16] It also contains the origins of modern ideas on the circulation of wealth and the nature of interrelationships in the economy. [6]
New Zealand's diverse economy is made up of various types of informal and formal organisations, divided between the public and private sectors. It has a sizeable service sector, accounting for 73% of all GDP activity as of 2024. [27] As a large island nation New Zealand has abundant natural resources and mineral wealth. [28]
Map of New Zealand. The economic history of New Zealand dates to before European colonisation of the country. By the 20th century, it had become one of the most globalized economies in the world, relying heavily on international trade with developed countries including Australia, Canada, China, European Union, the United States, Japan, and South Korea.
Waterfront along Auckland CBD, a major hub of economic activity. New Zealand has an advanced market economy, [236] ranked 16th in the 2022 Human Development Index, [237] and fourth in the 2022 Index of Economic Freedom. [238] It is a high-income economy with a nominal gross domestic product (GDP) per capita of US$36,254. [239]
The economy of Niue is heavily dependent upon aid from New Zealand. Government expenditures regularly exceed revenues, and grants from New Zealand make up the shortfall and are used to pay wages to public employees. Niue has cut government expenditures by reducing the public service by almost half.
New Zealand's exclusive economic zone (EEZ) covers at least 4,083,744 square kilometres (1,576,742 sq mi), [1] [2] which is approximately 15 times the land area of the country. Sources vary significantly on the size of New Zealand's EEZ; for example, a recent government publication gave the area as roughly 4,300,000 km 2 . [ 3 ]