noun

mercantilism

Mercantilism (noun) means 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.

noun

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.

The theory that holds that the prosperity of a nation depends upon its supply of capital, and that the global volume of trade is unchangeable.

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Frequently asked questions

What is the meaning of mercantilism?

"mercantilism" (noun) means 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 are the different meanings of mercantilism?

"mercantilism" has 2 main meanings: 1. 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; 2. The theory that holds that the prosperity of a nation depends upon its supply of capital, and that the global volume of trade is unchangeable.