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.
Origin of mercantile system
First recorded in 1770–80
Words nearby mercantile system
mercado,
mercalli scale,
mercantile,
mercantile agency,
mercantile paper,
mercantile system,
mercantilism,
mercaptan,
mercaptide,
mercapto,
mercapto group