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- DictionaryMer·can·til·ism/ˈmərkən(t)əˌliz(ə)m/
noun
- 1. belief in the benefits of profitable trading; commercialism.
Mercantilism is a nationalist economic policy that is designed to maximize the exports and minimize the imports for an economy. In other words, it seeks to maximize the accumulation of resources within the country and use those resources for one-sided trade.
Feb 26, 2024 · Mercantilism was a form of economic nationalism that sought to increase the prosperity and power of a nation through restrictive trade practices. Its goal was...
May 24, 2024 · mercantilism, economic theory and practice common in Europe from the 16th to the 18th century that promoted governmental regulation of a nation’s economy for the purpose of augmenting state power at the expense of rival national powers. It was the economic counterpart of political absolutism.
: an economic system developing during the decay of feudalism to unify and increase the power and especially the monetary wealth of a nation by a strict governmental regulation of the entire national economy usually through policies designed to secure an accumulation of bullion (see bullion sense 1), a favorable balance of trade, the development...
Mercantilism is an economic practice by which governments used their economies to augment state power at the expense of other countries. Governments sought to ensure that exports exceeded imports and to accumulate wealth in the form of bullion (mostly gold and silver).
Mar 22, 2024 · Mercantilism, also known as the Mercantile System, was an economic policy prevalent in Europe from the 16th to the 18th centuries. It intended to increase a nation’s wealth and power through the promotion of exports, the acquisition of precious metals, and the establishment of colonies.
Mar 31, 2019 · Mercantilism is theory of increasing gold reserves, restricting imports and protecting domestic economy. Explaining the theory of mercantilism - what it is, how it works and whether it is still relevant today.
