Meaning of the word mercantilism in English
What does mercantilism mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
mercantilism
US /ˈmɝː.kən.tiː.lɪ.zəm/
UK /ˈmɜː.kən.tɪ.lɪ.zəm/
Noun
an economic theory and practice, dominant in Europe from the 16th to the 18th century, that promoted governmental regulation of a nation's economy for the purpose of augmenting state power at the expense of rival national powers
Example:
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The British Empire practiced mercantilism to enrich the mother country.
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Critics argue that mercantilism often leads to trade wars and protectionism.