What is another word for mercantile system?

Pronunciation: [mˈɜːkantˌa͡ɪl sˈɪstəm] (IPA)

The mercantile system, also called the mercantilist system or mercantilism, was an economic theory popular in Europe from the 16th to the 18th century. It prioritized a favorable balance of trade by encouraging exports and discouraging imports. Synonyms for the mercantile system include protectionism, commercialism, trade restriction, colonialism, and economic nationalism. These all refer to a belief in the importance of a nation's economy being self-sufficient, with a focus on accumulating wealth through trade and colonization. While the ideas behind the mercantile system have since been largely discredited, it remains an important part of economic history and its impact can still be felt today in certain policies and industries.

Synonyms for Mercantile system:

What are the hypernyms for Mercantile system?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

What are the hyponyms for Mercantile system?

Hyponyms are more specific words categorized under a broader term, known as a hypernym.

Related words: mercantilism, mercantile, mercantile system definition, mercantile system history, mercantile states, mercantilist, mercantilism definition, mercantilist definition, mercantilism vs capitalism

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