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Mercantilism

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Noun

mercantilism mercantile system

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

commerce commercialism mercantilism

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

Definition: 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.

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