mercantilism
English
Etymology
mercantile + -ism
Noun
mercantilism (countable and uncountable, plural mercantilisms)
- (historical, economics) The theory that a nation must always have a positive balance of trade, in the manner that a merchant would operate a shop. Typically this model presupposes protectionism.
- (economics) The theory that holds that the prosperity of a nation depends upon its supply of capital, and that the global volume of trade is unchangeable.
Derived terms
Related terms
Translations
the historical economic theory that a nation must always have a positive balance of trade
|
the economic theory that holds that the prosperity of a nation depends upon its supply of capital
This article is issued from
Wiktionary.
The text is licensed under Creative
Commons - Attribution - Sharealike.
Additional terms may apply for the media files.