Mercantile System for Dummies
noun
pronunciation: 'mɜrkən,til_'sɪstəmWhat does Mercantile System really mean?
Alright, so the Mercantile System is a kinda old school economic system that was used in Europe back in the day. Basically, it's all about trade and making a country super rich through trading goods and stuff. The idea was to export more than you import, so you could hoard a whole bunch of gold and silver. It's like if you had a lemonade stand and you wanted to sell more lemonade than you bought lemons and sugar. That way, you'd make a ton of money and be the coolest kid on the block.
The Mercantile System was all about having a ton of regulations and restrictions on trade to make sure that your country was the biggest and best at making moolah. It's like when your mom tells you that you can't have any cookies until you finish your homework - it's all about controlling stuff so you can get exactly what you want. So basically, the Mercantile System was a way for countries to control their trade and make sure they were the top dogs in the economic world.
So yeah, that's the Mercantile System in a nutshell. It's all about hoarding gold and silver and making sure your country comes out on top when it comes to trade. Pretty interesting, right?
The Mercantile System was all about having a ton of regulations and restrictions on trade to make sure that your country was the biggest and best at making moolah. It's like when your mom tells you that you can't have any cookies until you finish your homework - it's all about controlling stuff so you can get exactly what you want. So basically, the Mercantile System was a way for countries to control their trade and make sure they were the top dogs in the economic world.
So yeah, that's the Mercantile System in a nutshell. It's all about hoarding gold and silver and making sure your country comes out on top when it comes to trade. Pretty interesting, right?
Revised and Fact checked by Liam Lewis on 2023-12-02 23:25:12
Mercantile System In a sentece
Learn how to use Mercantile System inside a sentece
- The mercantile system promoted trade and commerce between countries by establishing overseas colonies and securing valuable resources.
- During the 17th and 18th centuries, European countries like England and France followed the mercantile system to increase their wealth and power.
- Under the mercantile system, colonies were expected to provide raw materials and resources to the mother country in exchange for finished goods and manufactured products.
- The mercantile system led to the establishment of trading companies like the Dutch East India Company, which aimed to dominate trade with Asian countries for profit.
- One of the key principles of the mercantile system was the accumulation of bullion, or precious metals like gold and silver, through a favorable balance of trade.
Mercantile System Synonyms
Words that can be interchanged for the original word in the same context.
Mercantile System Hypernyms
Words that are more generic than the original word.
Mercantile System Regions
Regions where the word is used.