mercantile system

Definitions of mercantile system

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

Type of:
managed economy
a non-market economy in which government intervention is important in allocating goods and resources and determining prices

Sign up, it's free!

Whether you're a student, an educator, or a lifelong learner, can put you on the path to systematic vocabulary improvement.