MERCANTILISM

commerce, commercialism, mercantilism

(noun) transactions (sales and purchases) having the objective of supplying commodities (goods and services)

mercantilism, mercantile system

(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

Source: WordNet® 3.1


Etymology

Noun

mercantilism (countable and uncountable, plural mercantilisms)

(historical, economics) The theory that a nation must always have a positive balance of trade, in the manner that a merchant would operate a shop. Typically this model presupposes protectionism.

(economics) The theory that holds that the prosperity of a nation depends upon its supply of capital, and that the global volume of trade is unchangeable.

Source: Wiktionary



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Word of the Day

15 January 2025

BEAR

(verb) have rightfully; of rights, titles, and offices; “She bears the title of Duchess”; “He held the governorship for almost a decade”


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Coffee Trivia

According to Guinness World Records, the largest iced coffee is 14,228.1 liters and was created by Caffé Bene (South Korea), in Yangju, South Korea, on 17 July 2014. They poured iced black Americano on the giant cup that measured 3.3 meters tall and 2.62 meters wide.

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