The definition of mercantilism is an economic system centered around the belief that a government can make a nation more prosperous by regulating trade and using tariffs and other protective measures to achieve a balance of exports over imports.(noun)
When a government sets trade regulations and imposes tariffs to make sure that there is an appropriate balance of exports over imports, this method of governing is an example ofmercantilism.
See mercantilism in Webster's New World College Dictionary
See mercantilism in American Heritage Dictionary 4
Origin: + -ism.
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