mercantilismnoun [ U ]
/ˈmɜː.kən.tɪ.lɪ.zəm//ˈmɝː.kən.tiː.lɪ.zəm/an economic theory developed in the 16th to 18th centuries that says that a government should control the economy and that a nation should increase its wealth by selling more than it buys from other nations
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Economics
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