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From Longman Business Dictionarymercantilismmer‧can‧til‧is‧m /ˈmɜːkəntaɪlɪzəmˈmɜːrkəntiːlɪzəm, -tl-/ noun [uncountable]ECONOMICS the idea that trade produces wealth, especially for countries that export goods. Under mercantilism, exports are encouraged but imports are restricted by the governmentA rise of mercantilism in the producer-oriented West helped European trading companies.mercantilist adjectiveThe country still has some traces of the mercantilist mentality.
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