mercantilism

noun mer·can·til·ism \ -ˌtē-ˌli-zəm , -ˌtī- , -tə- \

Definition of mercantilism

1 :the theory or practice of mercantile pursuits :commercialism
2 :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 1), a favorable balance of trade, the development of agriculture and manufactures, and the establishment of foreign trading monopolies (see monopoly 1)

mercantilist

play \-list\ noun or adjective

mercantilistic

play \ˌmər-kən-ˌtē-ˈlis-tik, -ˌtī-, -tə-\ adjective

Recent Examples of mercantilism from the Web

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'mercantilism.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of mercantilism

1838


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