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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 of mercantile system
1770-80 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for mercantile system
  • They are so far, perhaps, more inconsistent than even the mercantile system.
  • But in the mercantile system, the interest of the consumer is almost constantly sacrificed to that of the producer.
  • Never has the beauty and simplicity of our banking and mercantile system been more conspicuously displayed.

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