MERCANTILISM


Meaning of MERCANTILISM in English

transcription, транскрипция: [ -ˌtē-ˌli-zəm, -ˌtī-, -tə- ]

noun

Date: 1838

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

Merriam-Webster's Collegiate English vocabulary.      Энциклопедический словарь английского языка Merriam Webster.