Meaning of “mercantilism” in the English Dictionary

(Definition of “mercantilism” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"mercantilism" in American English

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mercantilismnoun [ U ]

/ˈmɜr·kənˌtiˌlɪz·əm, -ˌtɑɪ-/

world history an economic theory developed in the 16th to 18th centuries holding that a government should control the economy and that a nation should increase its wealth by selling more than it buys from other nations

(Definition of “mercantilism” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"mercantilism" in Business English

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mercantilismnoun [ U ]

uk /ˈmɜːkəntɪˌlɪzəm/ us

COMMERCE, ECONOMICS, GOVERNMENT the idea that a country's government should try to influence trade and business, especially by encouraging exports and putting limits on imports:

With the philosophy of mercantilism, trade concessions are only made in response to those made by another government.

mercantilist trade policies

(Definition of “mercantilism” from the Cambridge Business English Dictionary © Cambridge University Press)