What does mercantillism mean?

Answer 1

The theory and system of political economy prevailing in Europe after the decline of feudalism, based on national policies of accumulating bullion, establishing colonies and a merchant marine, and developing industry and mining to attain a favorable balance of trade

or

Europe's new idea, that the country who imports more than exports gold or other types of metals is more powerful

Answer 2

The word Mercantil is actually not even a real word. Unless there is a misspelling and actually it meant mercantile which pertains to merchants or trade.