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
- protectionist
- commercialist
- trade-oriented
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'
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.
