Mercantilism

noun

Definitions

Noun
  1. 1
    The theory that a nation must always have a positive balance of trade, in the manner that a merchant would operate a shop. Typically this model presupposes protectionism. countable, historical, uncountable
  2. 2
    transactions (sales and purchases) having the objective of supplying commodities (goods and services) wordnet
  3. 3
    The theory that holds that the prosperity of a nation depends upon its supply of capital, and that the global volume of trade is unchangeable. countable, uncountable
  4. 4
    an economic system (Europe in 18th century) to increase a nation's wealth by government regulation of all of the nation's commercial interests wordnet

Etymology

From mercantile + -ism.

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