Mercantilism Definition

mûrkən-tē-lĭzəm, -tĭ-
The doctrine that arose in Europe with the decline of feudalism, that the economic interests of the nation could be strengthened by the government by protection of home industries, as through tariffs, by increased foreign trade, as through monopolies, and by a balance of exports over imports, with a consequent accumulation of bullion.
Webster's New World
The practice, methods, or spirit of merchants; commercialism.
American Heritage
Webster's New World

Origin of Mercantilism

  • mercantil(e) –ism

    From American Heritage Dictionary of the English Language, 5th Edition

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