Dictionary

Explore meaning, context, and usage with an online dictionary experience optimized for multilingual workflows.

Clear

Try these words

Meaning of mercantilism

Source language: EnglishDictionary language: English

mercantilism

noun

Definitions

  1. The theory that a nation must always have a positive balance of trade, in the manner that a merchant would operate a shop. Typically this model presupposes protectionism.

  2. The theory that holds that the prosperity of a nation depends upon its supply of capital, and that the global volume of trade is unchangeable.