mercantilism
nounThe theory and system of political economy prevailing in Europe after the decline of feudalism, based on national policies of accumulating bullion, establishing colonies and a merchant marine, and developing industry and mining to attain a favorable balance of trade.
nounThe practice, methods, or spirit of merchants; commercialism.
nounThe mercantile spirit or character; devotion to trade and commerce; excessive importance attached to traffic, or to exchange of values in any way.
nounIn political economics, the mercantile system, or the theories embodied in it. See
An economic theory that holds that the
transactions (sales and purchases) having the objective of supplying commodities (goods and services)
nounan economic system (Europe in 18th century) to increase a nation’s wealth by government regulation of all of the nation’s commercial interests