mercantile system


Also found in: Thesaurus, Legal, Financial, Encyclopedia, Wikipedia.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.mercantile system - an economic system (Europe in 18th century) to increase a nation's wealth by government regulation of all of the nation's commercial interestsmercantile system - an economic system (Europe in 18th century) to increase a nation's wealth by government regulation of all of the nation's commercial interests
managed economy - a non-market economy in which government intervention is important in allocating goods and resources and determining prices
Europe - the 2nd smallest continent (actually a vast peninsula of Eurasia); the British use `Europe' to refer to all of the continent except the British Isles
References in periodicals archive ?
The barter method gave way to the mercantile system, where recognised forms of currency yielded purchasing powers beyond the previous means of quantity and quality of goods or services.
The establishment of the mercantile system and the creation of a financial recording system were critical in the establishment of modern capitalism.
All documents and records will have to be maintained and books of account will have to be prepared on the mercantile system of accounting.