(noun) “[A]n economic policy based on national policies of accumulating silver and gold by controlling markets with colonies and other countries through taxes and customs charges” (OpenStax College 2012).

Audio Pronunciation: (mer·can·til·ism)

Download Audio Pronunciation: mercantilism.mp3

Usage Notes:

  • Also called:
    • commercialism
    • mercantile system
  • A type of economy.
  • A (noun) mercantilist advocates for a (adjective) mercantilistic economy.

Related Terms: 



OpenStax College. 2012. Economic Systems. Connexions, July 16, 2012. (