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n. The theory and system of political economy prevailing in Europe after the decline of feudalism, based on national policies of accumulating bullion, establishing colonies and a merchant marine, and developing industry and mining to attain a favorable balance of trade.

n. The practice, methods, or spirit of merchants; commercialism.

n. An economic theory that holds that the prosperity of a nation depends upon its supply of capital, and that the global volume of trade is "unchangeable".

n. The mercantile spirit or character; devotion to trade and commerce; excessive importance attached to traffic, or to exchange of values in any way.

n. In political economics, the mercantile system, or the theories embodied in it. See mercantile.

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

n. an economic system (Europe in 18th century) to increase a nation's wealth by government regulation of all of the nation's commercial interests

"But she had attained this position not by practicing free trade, rather under a now-largely-forgotten protectionist policy that has come down to us under the name "mercantilism.""

managed economy   

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