Associations to the word «Mercantilism»

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".

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).