mercantilism

noun mer·can·til·ism \ -ˌtē-ˌli-zəm , -ˌtī- , -tə- \
|Updated on: 21 Jun 2018

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

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First Known Use of mercantilism

1838

in the meaning defined at sense 1

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