NOUN | group | mercantile system, mercantilism | an economic system (Europe in 18th century) to increase a nation's wealth by government regulation of all of the nation's commercial interests |
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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. | |
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Synonym | mercantilism | |
Region | Europe | The 2nd smallest continent (actually a vast peninsula of Eurasia) |
Broader | managed economy | A non-market economy in which government intervention is important in allocating goods and resources and determining prices |
Spanish | mercantilismo | |
Catalan | mercantilisme |
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