mercantilism

American  

[mur-kuhn-ti-liz-uhm, -tee-, -tahy-] / ˈmɜr kən tɪˌlɪz əm, -ti-, -taɪ- /

noun

1. mercantile practices or spirit; commercialism.

2. mercantile system.

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mercantilism British  

/ ˈmɜːkəntɪˌlɪzəm /

noun

1. Also called: mercantile system.  economics a theory prevalent in Europe during the 17th and 18th centuries asserting that the wealth of a nation depends on its possession of precious metals and therefore that the government of a nation must maximize the foreign trade surplus, and foster national commercial interests, a merchant marine, the establishment of colonies, etc

2. a rare word for commercialism

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mercantilism Cultural  

1. An economic doctrine that flourished in Europe from the sixteenth to the eighteenth centuries. Mercantilists held that a nation's wealth consisted primarily in the amount of gold and silver in its treasury. Accordingly, mercantilist governments imposed extensive restrictions on their economies to ensure a surplus of exports over imports. In the eighteenth century, mercantilism was challenged by the doctrine of laissez-faire. (See also Adam Smith.)

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Discover More

The European quest for colonial holdings in Asia, Africa, and North and South America was partially a product of mercantile economics.

Other Word Forms

• mercantilist noun
• mercantilistic adjective

Etymology

Origin of mercantilism

From the French word mercantilisme, dating back to 1870–75. See mercantile, -ism

Compare meaning

How does mercantilism compare to similar and commonly confused words? Explore the most common comparisons:

• mercantilism vs. capitalism

Example Sentences

As the U.S. economy shifted from colonial mercantilism to building its own markets, the want ads were dominated by land, shipping and artisan trades.

From The Wall Street Journal • Nov. 19, 2025

His was a prospect of a breezy, pragmatic mercantilism where nations did business deals to their mutual benefit, a world where profit can bring peace.

From BBC • May 16, 2025

“The advent of sailing ships led to mercantilism, and shaped capitalism.”

From Washington Times • Oct. 6, 2023

Consider the ways in which mercantilism benefited and harmed people in the nations that adopted it.

From Textbooks • Dec. 14, 2022

All of this, however, though required for laissez-faire doctrine, was also consistent with mercantilism, at least of the English type.

From A Letter to Dion by Viner, Jacob