mercantilism (Meaning)
mercantilism (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
transactions (sales and purchases) having the objective of supplying commodities (goods and services)
Synonyms & Antonyms of mercantilism
No Synonyms and anytonyms found
mercantilism Sentence Examples
- Mercantilism, an economic policy prevalent in the 17th and 18th centuries, prioritized increasing a nation's wealth through trade and exports.
- Mercantilist policies aimed to accumulate gold and silver as a measure of national prosperity.
- The East India Company employed mercantilist principles to establish trading monopolies in India.
- European powers engaged in mercantilist competition, resulting in conflicts and wars.
- Mercantilism promoted protectionism and the establishment of tariffs to protect domestic industries.
- The British Navigation Acts enforced mercantilist policies by requiring goods to be transported on British ships.
- Mercantilism influenced the growth of colonial empires as European nations sought to control sources of raw materials and markets.
- The decline of mercantilism in the 19th century paved the way for free trade and globalization.
- Historians debate the impact of mercantilism on economic development, with some arguing that it stimulated growth while others contend that it hindered innovation.
- The concept of mercantilism continues to be relevant in contemporary economic discussions, as nations grapple with issues of trade imbalances and economic protectionism.
FAQs About the word mercantilism
an economic system (Europe in 18th century) to increase a nation's wealth by government regulation of all of the nation's commercial interests, transactions (sa
No synonyms found.
No antonyms found.
Mercantilism, an economic policy prevalent in the 17th and 18th centuries, prioritized increasing a nation's wealth through trade and exports.
Mercantilist policies aimed to accumulate gold and silver as a measure of national prosperity.
The East India Company employed mercantilist principles to establish trading monopolies in India.
European powers engaged in mercantilist competition, resulting in conflicts and wars.
