mercantilism

noun
UK: /məˈkæntɪlɪzəm/
US: /ˈmɜːrkəntɪˌlɪzəm/

  1. An economic system where the government controls trade to increase national wealth.

    1. Mercantilism helped England grow rich.
    2. Under mercantilism, colonies provided raw materials to the mother country.

  2. The economic theory that trade generates wealth and is stimulated by the accumulation of profitable balances, which a government should encourage by means of protectionism.

    1. Mercantilism was the main economic idea in the 17th century.
    2. Some economists argue that certain modern trade policies resemble mercantilism.

Synonyms

economic nationalism
mercantilism adjective

  1. Relating to or characteristic of mercantilism, an economic system focused on national wealth accumulation through trade.

    1. The mercantilism policies benefited their country.
    2. Mercantilism trade practices were common during that era.

Frequently Asked Questions

The word "mercantilism" in English means: An economic system where the government controls trade to increase national wealth., The economic theory that trade generates wealth and is stimulated by the accumulation of profitable balances, which a government should encourage by means of protectionism..

The phonetic transcription of "mercantilism" is /məˈkæntɪlɪzəm/ in British English and /ˈmɜːrkəntɪˌlɪzəm/ in American English. Click the 🔊 button to hear both pronunciations.

Synonyms for "mercantilism": economic nationalism.

Example usage of "mercantilism": "Mercantilism helped England grow rich.". More examples on the page.