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Mercantilism
noun
Definitions
Noun
- 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 transactions (sales and purchases) having the objective of supplying commodities (goods and services) wordnet
- 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 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.
See also for "mercantilism"
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