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mercantilism

mer·can·til·ism [ múrkənti lìzzəm ]


noun 
Definition:
 
1. economic theory and system: an early modern European economic theory and system that actively supported the establishment of colonies that would supply materials and markets and relieve home nations of dependence on other nations

2. commercialism: the principles and methods of commerce


mer·can·til·ist noun, adjective
mer·can·til·is·tic [ mùrkənti lístik ] adjective
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