Definition

Relating to an economic theory that emphasizes the importance of trade and commerce in increasing a nation's wealth.

Example

The government's mercantilist policies aimed to boost exports and limit imports.

Conversation

Did you read that article about the mercantilist policies in history?

Yeah, it was interesting how those ideas shaped trade back then.

I never realized how much influence mercantilist thinking had on modern economics.

Absolutely! It’s fascinating to see the connections.

Synonyms & Antonyms

Definition

A person who supports or believes in the economic theory that trade generates wealth and is stimulated by the accumulation of profitable balances, which is often achieved through government regulation of the economy.

Example

The mercantilist argued that a nation should export more than it imports to build its wealth.

Conversation

Have you ever read about the ideas of a mercantilist?

Yeah, I think they focused a lot on trade and wealth accumulation.

Exactly! It's interesting how their views shaped economic policies back then.

Root Explanation

Mercantilist → It is formed from "mercantilis" (from Latin, meaning pertaining to trade or commerce) and the suffix "-ist" (meaning one who practices or is concerned with). The word "mercantilist" refers to someone who advocates for or practices mercantilism, an economic theory that emphasizes the importance of trade and commerce.

Memory Tip

Think of someone who is deeply involved in 'trade' ('mercantilis') and practices it as a profession ('-ist'). This helps you remember that a mercantilist is someone focused on trade and commerce.

Visually Confused Words