Definition of Mercantilism

an economic system in which a nation tries to become more affluent by exporting more goods than it brings into the country and by protecting its store of precious metals

Examples of Mercantilism in a sentence

Because the country wants to buy less goods from other nations, it is following an economic policy based on mercantilism.  🔊

One of the reasons England developed the colonies under mercantilism was to increase its trading territory.  🔊

Companies who do business primarily by selling imported products are destroying the government’s goal of mercantilism.  🔊

When the government placed the embargo on products from China, it did so in hopes of protecting its program of mercantilism.  🔊

Mercantilism has produced several trade deficits among nations with some countries exporting very few goods.  🔊

Other words in the Money and Business category:

Most Searched Words (with Video)