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. 🔊
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