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noun

Mercantilismo

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.

"The country's mercantilism led it to impose high taxes on imported goods, aiming to sell more to other countries than it bought from them. "

El mercantilismo del país lo llevó a imponer altos impuestos a los bienes importados, con el objetivo de vender más a otros países de lo que compraba de ellos.

theory nation government economy business commerce finance state politics history doctrine

noun

Mercantilismo

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.

"The country's mercantilism led it to heavily tax imports, hoping to amass gold and silver and believe that one country's economic gain required another's loss. "

El mercantilismo del país lo llevó a gravar fuertemente las importaciones, con la esperanza de acumular oro y plata y creer que la ganancia económica de un país requería la pérdida de otro.

theory nation government economy business state history commerce finance politics