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/ˈmɜːkəntɪlɪzəm/ · noun
(historical, economics) The theory that a nation must always have a positive balance of trade, in the manner that a merchant would operate a shop. Typically this model presupposes protectionism..
Use mercantilism when its meaning, tone and grammar fit the full sentence. A synonym is not always a direct replacement.
Mercantilism means (historical, economics) The theory that a nation must always have a positive balance of trade, in the manner that a merchant would operate a shop. Typically this model presupposes protectionism..
Common synonyms include commercialism, commerce, mercantile system.
The opposite depends on the specific sense.
Use mercantilism where its definition matches the intended context.
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