mercantilism definition

  • noun:
    • The theory and system of political economy prevailing in Europe following the drop of feudalism, centered on national guidelines of amassing bullion, setting up colonies and a merchant marine, and establishing industry and mining to realize a favorable balance of trade.
    • The practice, methods, or spirit of merchants; commercialism.
    • An economic principle that keeps the prosperity of a nation is dependent upon its supply of money, hence the worldwide amount of trade is "unchangeable".
    • The mercantile nature or character; devotion to trade and commerce; extortionate relevance attached to traffic, or to change of values by any means.
    • In governmental business economics, the mercantile system, or even the theories embodied inside. See mercantile.
    • transactions (sales and acquisitions) obtaining the goal of providing commodities (products or services)
    • an economic system (European countries in eighteenth century) to improve a nation's wide range by federal government regulation of all the country's commercial interests

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