mercantilism in Lithuanian
mercantilism in Lithuanian is merkantilizmas — mercantilism means the idea that a country should always sell more abroad than it buys, run rather like a shop, usually backed by measures to protect home trade.
mercantilism in Lithuanian
merkantilizmas
(historical, economics) The theory that a nation must always have a positive balance of trade, in the manner that a merchant would operate a shop. Typically this model presupposes protectionism.
What does "mercantilism" mean?
- noun The idea that a country should always sell more abroad than it buys, run rather like a shop, usually backed by measures to protect home trade.
- noun The idea that a country's wealth depends on how much capital it holds, and that total world trade cannot grow.
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What is "mercantilism" in Lithuanian?
"mercantilism" in Lithuanian is merkantilizmas. mercantilism means: The idea that a country should always sell more abroad than it buys, run rather like a shop, usually backed by measures to protect home trade.
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