MERCANTILE SYSTEM

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

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

Synonyms:

mercantile system; mercantilism

Classified under:

Nouns denoting groupings of people or objects

Hypernyms ("mercantile system" is a kind of...):

managed economy (a non-market economy in which government intervention is important in allocating goods and resources and determining prices)

Domain region:

Europe (the 2nd smallest continent (actually a vast peninsula of Eurasia); the British use 'Europe' to refer to all of the continent except the British Isles)

Credits