Definition of mercantilism
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)
mercantilistplay \-list\ noun or adjective
mercantilisticplay \ˌmər-kən-ˌtē-ˈlis-tik, -ˌtī-, -tə-\ adjective
First Known Use of mercantilism
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