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

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To mercantile system
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.
Cite This Source
Example sentences
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.
Copyright © 2014 Dictionary.com, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature
FAVORITES
RECENT

;