mercantilism

Estimated CEFR level: C2 — Proficiency

Estimated from word frequency; not an official CEFR classification.

Definition

  1. noun an economic system (Europe in 18th century) to increase a nation's wealth by government regulation of all of the nation's commercial interests
  2. noun transactions (sales and purchases) having the objective of supplying commodities (goods and services)

Etymology

From mercantile + -ism.

In classic literature

Synonyms

mercantile system

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