mercantilism
mer·can·til·ism
noun \-ˌtē-ˌli-zəm, -ˌtī-, -tə-\Definition of MERCANTILISM
1
: the theory or practice of mercantile pursuits : commercialism
2
: an economic system developing during the decay of feudalism to unify and increase the power and especially the monetary wealth of a nation by a strict governmental regulation of the entire national economy usually through policies designed to secure an accumulation of bullion, a favorable balance of trade, the development of agriculture and manufactures, and the establishment of foreign trading monopolies
— mer·can·til·ist \-list\ noun or adjective
— mer·can·til·is·tic \ˌmər-kən-ˌtē-ˈlis-tik, -ˌtī-, -tə-\ adjective
First Known Use of MERCANTILISM
1838
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Rhymes with MERCANTILISM
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