mercantilist

[mur-kuhn-til-ist]

mercantilist Definition

an economic theory that emphasizes the importance of a positive balance of trade, and the accumulation of gold and silver reserves as a measure of a nation's wealth and power.

Using mercantilist: Examples

Take a moment to familiarize yourself with how "mercantilist" can be used in various situations through the following examples!

  • Example

    Mercantilist policies were popular in Europe during the 16th to 18th centuries.

  • Example

    The mercantilist approach to trade is often criticized for being too focused on exports and neglecting domestic consumption.

  • Example

    Adam Smith's Wealth of Nations was a critique of mercantilism.

mercantilist Synonyms and Antonyms

Synonyms for mercantilist

Phrases with mercantilist

  • an economic system based on the principles of mercantilism

    Example

    The mercantilist system was characterized by high tariffs and strict government control over trade.

  • mercantilist policies

    economic policies that promote mercantilism

    Example

    The mercantilist policies of the government led to a decline in domestic consumption.

  • mercantilist trade practices

    trade practices that are consistent with the principles of mercantilism

    Example

    Mercantilist trade practices include high tariffs, subsidies, and restrictions on imports.

Origins of mercantilist

from French 'mercantilisme', from Italian 'mercantile', meaning 'merchant'

๐Ÿ“Œ

Summary: mercantilist in Brief

'Mercantilist' [mur-kuhn-til-ist] refers to an economic theory that emphasizes the importance of a positive balance of trade and the accumulation of gold and silver reserves as a measure of a nation's wealth and power. It was popular in Europe during the 16th to 18th centuries and is often criticized for being too focused on exports and neglecting domestic consumption. 'Mercantilist' extends into phrases like 'mercantilist system' and 'mercantilist policies,' which describe economic systems and policies that promote mercantilism.