mercantilism
This term describes a zero-sum approach to global trade where a nation's wealth is measured by its stockpile of gold and silver. It emphasizes strict state intervention, high tariffs on imports, and the aggressive pursuit of exports to ensure a trade surplus.
Because it is an abstract economic theory and a systemic practice, the word is uncountable. It does not refer to individual acts of trade but to the overarching ideology of state-led economic nationalism.
Meanings
An economic theory and practice, dominant in Europe from the 16th to the 18th century, based on the belief that a nation's wealth and power were best served by increasing exports and collecting precious metals.
The colonial system was designed to support the mercantilism of the mother country.