NOUN
- an economic system (Europe in 18th century) to increase a nation's wealth by government regulation of all of the nation's commercial interests
How To Use mercantile system In A Sentence
- Smith shared the objection of the French physiocrats to the mercantile system, but he did not share their view that land is the sole source of wealth.
- mercantile system
- Adam Smith coined “mercantile system” (mercantilism) for the eco - nomic policy of the seventeenth and eighteenth centu - ries. PERIODIZATION IN HISTORY
