mercantile system

noun Economics.

a system of political and economic policy, evolving with the modern national state and seeking to secure a nation's political and economic supremacy in its rivalry with other states. According to this system, money was regarded as a store of wealth, and the goal of a state was the accumulation of precious metals, by exporting the largest possible quantity of its products and importing as little as possible, thus establishing a favorable balance of trade.

Nearby words

  1. mercalli,
  2. mercalli scale,
  3. mercantile,
  4. mercantile agency,
  5. mercantile paper,
  6. mercantilism,
  7. mercaptan,
  8. mercaptide,
  9. mercapto,
  10. mercapto group

Origin of mercantile system

First recorded in 1770–80 Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019