adjective
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.
noun
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.