mercantile system (Meaning)
Wordnet
mercantile system (n)
an economic system (Europe in 18th century) to increase a nation's wealth by government regulation of all of the nation's commercial interests
Synonyms & Antonyms of mercantile system
No Synonyms and anytonyms found
mercantile system Sentence Examples
- The mercantile system prioritizes the accumulation of wealth and power through trade.
- Under the mercantile system, governments imposed tariffs and regulations to protect domestic industries.
- Colonial empires were established to secure raw materials and markets for the mercantile system.
- The mercantile system promoted self-sufficiency and limited imports.
- State monopolies and chartered companies dominated trade under the mercantile system.
- Mercantilism advocated for a positive trade balance, where exports exceeded imports.
- The mercantile system discouraged consumption and emphasized production.
- Colonies were seen as a source of cheap labor and a market for goods produced under the mercantile system.
- The mercantile system contributed to global exploration and the development of trade routes.
- The mercantilist policies of European nations fueled competition and led to economic rivalry and conflict.
FAQs About the word mercantile system
an economic system (Europe in 18th century) to increase a nation's wealth by government regulation of all of the nation's commercial interests
No synonyms found.
No antonyms found.
The mercantile system prioritizes the accumulation of wealth and power through trade.
Under the mercantile system, governments imposed tariffs and regulations to protect domestic industries.
Colonial empires were established to secure raw materials and markets for the mercantile system.
The mercantile system promoted self-sufficiency and limited imports.
