What is mercantilism in economics?

Mercantilism, economic theory and practice common in 16th–18th-century Europe that promoted governmental regulation of a nation’s economy for the purpose of augmenting state power at the expense of rival national powers; it was the economic counterpart of political absolutism. Learn more about mercantilism here.

What were the effects of mercantilism?

mercantilism, economic theory and practice common in Europe from the 16th to the 18th century that promoted governmental regulation of a nation’s economy for the purpose of augmenting state power at the expense of rival national powers. It was the economic counterpart of political absolutism.

What are some examples of mercantilism?

Here are some examples. For some, Christmas is an oppressive reminder that mercantilism and materialism have replaced Christ as the heart of Christmas. Regulation then as now is a form of mercantilism that benefits some at the expense of others. As tsar he wanted to apply western mercantilism to stimulate agriculture, industry and commerce.