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Meaning of MERCANTILE SYSTEM
Pronunciation:
'murkun`teel 'sistum
WordNet Dictionary
Definition:
[n]
an
economic
system
(
Europe
in
18
th
C
)
to
increase
a
nation
'
s
wealth
by
government
regulation
of
all
of
the
nation
'
s
commercial
interests
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Synonyms:
mercantilism
See Also:
managed economy
Glossary
Definition:
a system of ownership common in Europe and elsewhere after the eighteenth century in which land became the private property of individual owners.
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