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
adjective

mercantilist trade policies

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