mercantilism
🇺🇸
/mɜːrˈkæntɪlɪzəm/
🇬🇧
/mɜːˈkæntɪlɪzəm/
noun
R
a belief that a country's wealth comes from its trade and that the government should control trade to make the country richer
During the 18th century, mercantilism was the dominant economic theory, with many governments believing that a positive trade balance was essential for national prosperity.
translation
a belief that a country's wealth comes from its trade and that the government should control trade to make the country richer
Word Forms
Plural
mercantilisms