noun an economic theory and practice that promotes governmental regulation of a nation's economy for the purpose of increasing state power and building wealth through exports
Mercantilism played a significant role in shaping the economic policies of many European countries during the Age of Exploration and colonization.
Some aspects of mercantilist policies, such as protectionism and tariffs, are still relevant in modern business discussions.
Mercantilism was an economic theory prevalent in Europe during the 16th to 18th centuries that emphasized the importance of accumulating wealth through trade and the establishment of colonies.
Mercantilism influenced the political relationships between European powers as they competed for resources and economic dominance.
The principles of mercantilism continue to impact global trade policies and negotiations among nations.
Writers may use the concept of mercantilism when discussing economic systems in historical fiction novels or when analyzing the impact of trade policies on a society.
Historians may study mercantilism as an economic theory that influenced European countries in the 16th to 18th centuries, shaping their trade policies and colonial expansion.
Economists may refer to mercantilism when discussing early economic theories that emphasized the accumulation of wealth through trade surpluses, tariffs, and government intervention in the economy.