Associations to the word «Mercantilism»
Wiktionary
MERCANTILISM, noun. An economic theory that holds that the prosperity of a nation depends upon its supply of capital, and that the global volume of trade is "unchangeable".
Dictionary definition
MERCANTILISM, noun. An economic system (Europe in 18th century) to increase a nation's wealth by government regulation of all of the nation's commercial interests.
MERCANTILISM, noun. Transactions (sales and purchases) having the objective of supplying commodities (goods and services).
Wise words
The chief virtue that language can have is clearness, and
nothing detracts from it so much as the use of unfamiliar
words.