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mercantile system
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mercantile system
noun Economics.
a system of political and economic policy, evolving with the modern national state and seeking to secure a nation's political and economic supremacy in its rivalry with other states. According to this system, money was regarded as a store of wealth, and the goal of a state was the accumulation of precious metals, by exporting the largest possible quantity of its products and importing as little as possible, thus establishing a favorable balance of trade.
Origin:
1770–80
1770–80
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Based on the Random House Dictionary, © Random House, Inc. 2012.
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Mercantile system
is always a great word to know.
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| a screen or mat covered with a dark material for shielding a camera lens from excess light or glare. |
| a chattering or flighty, light-headed person. |
WordNet
| mercantile system | |
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 [syn: mercantilism] |
WordNet® 3.0, © 2006 by Princeton University.
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