What is another word for mercantile system?
Pronunciation: [mˈɜːkantˌa͡ɪl sˈɪstəm] (IPA) 
The mercantile system, also called the mercantilist system or mercantilism, was an economic theory popular in Europe from the 16th to the 18th century. It prioritized a favorable balance of trade by encouraging exports and discouraging imports. Synonyms for the mercantile system include protectionism, commercialism, trade restriction, colonialism, and economic nationalism. These all refer to a belief in the importance of a nation's economy being self-sufficient, with a focus on accumulating wealth through trade and colonization. While the ideas behind the mercantile system have since been largely discredited, it remains an important part of economic history and its impact can still be felt today in certain policies and industries.
