mercantilism

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English[edit]

Etymology[edit]

mercantile +‎ -ism

Noun[edit]

mercantilism (countable and uncountable, plural mercantilisms)

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