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mercantilism

mer·can·ti·lism

UK/ˈmɜːkəntɪlɪzəm/ US/ˈmɝkəntɪlɪzəm/ uncommon

noun

1.

an economic system (Europe in 18th C) to increase a nation''s wealth by government regulation of all of the nation''s commercial interests

2.

transactions (sales and purchases) having the objective of supplying commodities (goods and services)

Origin

From mercantile + -ism.

Related words

Part of

WordNet 2.1 (Princeton University). Wiktionary (CC BY-SA). CMU Pronouncing Dictionary. WordNet 2.1 Copyright Princeton University. All rights reserved. Wiktionary content is available under the Creative Commons Attribution-ShareAlike Licence.