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

7 March 2025

INTERTRIGO

(noun) chafing between two skin surfaces that are in contact (as in the armpit or under the breasts or between the thighs)


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Coffee Trivia

The world’s most expensive coffee costs more than US$700 per kilogram. Asian palm civet – a cat-like creature in Indonesia, eats fruits, including select coffee cherries. It excretes partially digested seeds that produce a smooth, less acidic brew of coffee called kopi luwak.

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