mercantilism background

mercantilism

/mɜːrkəntaˌlɪzəm/ /mɜːrkənˌtiːlɪzəm/

Illustration mercantilism - Image 1

noun

Mercantilisme

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. "

Le mercantilisme du pays l'a conduit à imposer des taxes élevées sur les produits importés, dans le but de vendre plus aux autres pays qu'il ne leur achetait.

theory nation government economy business commerce finance state politics history doctrine

Illustration mercantilism - Image 1

noun

Mercantilisme

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. "

Le mercantilisme du pays l'a conduit à fortement taxer les importations, espérant amasser de l'or et de l'argent et croyant que le gain économique d'un pays nécessitait la perte d'un autre.

theory nation government economy business state history commerce finance politics