Mercantilism Meaning

Word:
Mercantilism

Part of Speech:
Noun

Definition:
An economic theory and practice that promotes government regulation of a nation's economy for augmenting state power at the expense of rival national powers.

Meaning:
A belief in the benefits of profitable trading, often associated with the promotion of a government's economic interests.

Usage:
Mercantilism was a dominant economic theory in Europe from the 16th to the 18th century.

Examples:
During the era of mercantilism, countries sought to accumulate wealth through a favorable balance of trade.,Mercantilism encourages nations to maximize exports while minimizing imports.

Synonyms:
Commercialism,Trade policy,Protectionism

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Mercantilism meaning, Mercantilism examples, Mercantilism definition, Mercantilism synonyms #Mercantilism