| Mercantilism: Mercantilism is an economic policy that promotes government regulation of a nation's economy for the purpose of augmenting state power at the expense of rival national powers. It encourages the accumulation of gold and silver and relies on the export of goods to achieve a favorable balance of trade, which was thought to stimulate economic growth. See also Economic growth._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. |
