| / English Dictionary |
MERCANTILE SYSTEM
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
An economic system (Europe in 18th century) to increase a nation's wealth by government regulation of all of the nation's commercial interests
Synonyms:
mercantile system; mercantilism
Classified under:
Nouns denoting groupings of people or objects
Hypernyms ("mercantile system" is a kind of...):
managed economy (a non-market economy in which government intervention is important in allocating goods and resources and determining prices)
Domain region:
Europe (the 2nd smallest continent (actually a vast peninsula of Eurasia); the British use 'Europe' to refer to all of the continent except the British Isles)
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