mercantilism background

mercantilism

/mɜːrkəntaˌlɪzəm/ /mɜːrkənˌtiːlɪzəm/

Illustration mercantilism - Image 1

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.

Examples :

"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

Illustration mercantilism - Image 1

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.

Examples :

"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