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- DictionaryMer·can·til·ism/ˈmərkən(t)əˌliz(ə)m/
noun
- 1. belief in the benefits of profitable trading; commercialism.
May 24, 2024 · Mercantilism, economic theory and practice common in 16th–18th-century Europe 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.
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.
The meaning of MERCANTILISM is the theory or practice of mercantile pursuits : commercialism.
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...
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.
2 days ago · The 17th-century economic belief that aimed to exploit natural resources fully to promote exports and limit imports. Mercantilists believed that the possession of gold or ‘bullion’ was all-important and countries without a source of precious metal must obtain it by commerce; a nation's wealth was seen as chiefly dependent on its balance of trade.
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).
