Noun: mercantilism 'mur-kun-ti,li-zum
- An economic system (Europe in 18th century) to increase a nation's wealth by government regulation of all of the nation's commercial interests
"Mercantilism dominated European economic policy in the colonial era";
- mercantile system
- Transactions (sales and purchases) having the objective of supplying commodities (goods and services)
"The company's mercantilism focused on international trade";
- commerce, commercialism
Derived forms: mercantilisms
See also: commercial, noncommercial
Type of: dealing, dealings, managed economy, transaction
Encyclopedia: Mercantilism