mercantilism
pronunciation
How to pronounce mercantilism in British English: UK [mɜ:ˈkæntɪlɪzəm]
How to pronounce mercantilism in American English: US [mɜrˈkæntɪlɪzəm]
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- Noun:
- an economic system (Europe in 18th C) to increase a nation's wealth by government regulation of all of the nation's commercial interests
- transactions (sales and purchases) having the objective of supplying commodities (goods and services)