Meaning & use
mercantilist
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Relating to mercantilism, an economic theory that favors government control of trade to maximize exports and accumulate national wealth.
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Mercantilist policies in the 17th century encouraged colonies to export raw materials to their mother countries.
Some economists argue that certain modern trade tariffs reflect mercantilist thinking.
A note on using this word
Can also be used as a noun for someone who supports mercantilism; largely a term from economic history.
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