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Mercantile theory


an economic theory that having money constitutes wealth, esp. amassing wealth by exporting goods
Word Origin

created by Adam Smith


Read Also:

  • Mercantile-system

    noun, Economics. 1. a system of political and economic policy, evolving with the modern national state and seeking to secure a nation’s political and economic supremacy in its rivalry with other states. According to this system, money was regarded as a store of wealth, and the goal of a state was the accumulation of precious […]

  • Mercantilism

    [mur-kuh n-ti-liz-uh m, -tee-, -tahy-] /ˈmɜr kən tɪˌlɪz əm, -ti-, -taɪ-/ noun 1. practices or spirit; commercialism. 2. . /ˈmɜːkəntɪˌlɪzəm/ noun 1. (economics) Also called mercantile system. a theory prevalent in Europe during the 17th and 18th centuries asserting that the wealth of a nation depends on its possession of precious metals and therefore that […]

  • Mercaptan

    [mer-kap-tan] /mərˈkæp tæn/ noun, Chemistry. 1. any of a class of sulfur-containing compounds having the type formula RSH, in which R represents a radical, and having an extremely offensive, garlicky odor. /mɜːˈkæptæn/ noun 1. another name (not in technical usage) for thiol mercaptan mer·cap·tan (mər-kāp’tān’) n. Any of a class of organic compounds in which […]

  • Mercaptide

    [mer-kap-tahyd] /mərˈkæp taɪd/ noun, Chemistry. 1. a metallic salt of a mercaptan. /məˈkæptaɪd; mɜː-/ noun 1. a salt of a mercaptan, containing the ion RS–, where R is an alkyl or aryl group

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