| 单词 | mercantilism |
| 释义 | mercantilism A belief in the merits of balance-of-payments surpluses to increase the money supply and stimulate the economy, and advocacy of protectionism to achieve this. Critics claim that in the long run mercantilist policy is self-defeating, as more money increases the price level until any trade surplus vanishes, leaving only real losses from restrictions on trade. |
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