Mercantilism
Related Category: Economics: Terms and Concepts
(mûr´kntlzm), economic system of the major trading nations during the 16th, 17th, and 18th cent.
Mercantilism is economic nationalism for the purpose of building a wealthy and powerful state.
Mercantilism
The conventional economic wisdom of the 17th century that made a partial come-back in recent years.
MERCANTILISM
An economic philosophy prominent in the 16th and 17th centuries that equated the accumulation and possession of gold and other international monetary assets, such as foreign currency reserves, with national wealth.
Mercantilism. A once-prominent economic philosophy that equated national wealth and prowess with the accumulation of gold and other international monetary assets, and hence with running a persistent trade surplus.
Mercantilism defends a mostly free market within the nation, but proposes state intervention to protect domestic commerce and industries against foreign competition. See also protectionism, and in opposition, free trade, and Crony capitalism.
mercantilism the notion, popular in the 1700s, that the wealth of a nation was based on how much it could export in excess of its imports, and thereby accumulate precious metals. (17) ...
Mercantilism Â- Protectionism
Laissez-faire Â- Free trade
Economic nationalism
Economic integration ...
mercantilism
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What is a favorable balance of trade? Read answer...
Mercantilism
The main economic system used during the sixteenth to eighteenth centuries. The main goal was to increase a nation's wealth by imposing government regulation concerning all of the nation's commercial interests.
Mercantilism. A system where those holding concentrated economic power employ the powers of government to perpetuate monopolies, special privileges, ...
Mercantilism
An economic philosophy of the 16th and 17th centuries that international commerce should primarily serve to increase a country's financial wealth, especially of gold and foreign currency.
was they, too, pegged to the dollar, ran up massive foreign exchange reserves, keeping their currencies undervalued, and copied China's mercantilism.
A component of the balance of payments, or the surplus or deficit that results from comparing a country's expenditures on merchandise imports and receipts derived from its merchandise exports.
See also: Credit, Mercantilism,
Banking ...
 See also: Free trade, Tariff, Smith, Tariffs, Monopoly
  
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