mercantile system

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Definitions from WordNet

Noun mercantile system has 1 sense

mercantilism, mercantile system - an economic system (Europe in 18th C) to increase a nation's wealth by government regulation of all of the nation's commercial interests
--₁ is a kind of managed economy

Definitions from the Web

Mercantile System

Definition:

The mercantile system refers to a economic policy prevalent during the 16th to 18th centuries, which aimed to promote a nation's exports and accumulate wealth through trade.

Senses:

1. Economic Policy:

The mercantile system, also known as mercantilism, was an economic policy adopted by many nations during the colonial era.

Example sentence: The mercantile system heavily regulated trade and aimed to maximize the nation's exports.

2. Historical Significance:

The mercantile system played a pivotal role in shaping the development and growth of global trade during the European colonial era.

Example sentence: The mercantile system contributed to the rise of powerful colonial empires in Europe.

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