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Definitions from the Web

Term: Mercantilism

Description:

Mercantilism is an economic theory and practice prevalent during the 16th to 18th centuries. It emphasizes the importance of accumulating wealth through trade and maintaining a favorable balance of trade. Under mercantilism, governments heavily regulate commerce and promote exports while restricting imports.

Senses:

1. Noun (Economic Theory): An economic theory that advocates for government intervention in trade to maximize a nation's wealth.
2. Noun (Practice): The economic policies and practices implemented during the period of mercantilism.

Usages:

Example sentences:

1. During the 17th century, many European countries embraced the principles of mercantilism.
2. Mercantilism contributed to the accumulation of immense wealth for certain nations.
3. The consequences of mercantilism can still be observed in the trade policies of some nations today.

Antonyms:

Free Trade

Non-interventionism

Open Markets

Related products on Amazon:

• Free Trade Books
• Non-interventionism Books
• Open Markets Books