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Definitions from the Web

Mercantilism

Definition:

Mercantilism is an economic theory that emerged during the 16th to the 18th centuries, advocating for a country's economic prosperity through government intervention, regulation of trade, and accumulation of wealth in the form of precious metals.

Sample sentences:

1. The concept of mercantilism was influential in shaping the economic policies of many European nations during the age of exploration.
2. In mercantilism, colonies were seen as sources of raw materials and markets for finished goods.
3. Mercantilist policies promoted protectionism and heavily regulated foreign trade.
4. During the mercantilist era, nations competed to amass vast stores of gold and silver.

Possible related products on Amazon:

• Books on Mercantilism
• Historical accounts of Mercantilism
• Economics and Mercantilism