CEFR C1
mercantilism
noun
Meaning
mercantilism means the theory that a nation must always have a positive balance of trade, in the manner that a merchant would operate a shop. Typically.... It can have more than one sense, so use the alternate meanings and examples to choose the meaning that matches your sentence.
Examples
- The article uses mercantilism to mean the theory that a nation must always have a positive balance of trade, in the....
- The teacher asked students to find mercantilism in the reading.