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Mercantilism vs Liberalism - What's the difference?

mercantilism | liberalism |

As nouns the difference between mercantilism and liberalism

is that mercantilism is an economic theory that holds that the prosperity of a nation depends upon its supply of capital, and that the global volume of trade is "unchangeable" while liberalism is the quality of being liberal.

mercantilism

English

Noun

(-) (wikipedia mercantilism)
  • An economic theory that holds that the prosperity of a nation depends upon its supply of capital, and that the global volume of trade is "unchangeable".

    • liberalism

    English

    Noun

  • The quality of being liberal.
  • Any political movement founded on the autonomy and personal freedom of the individual, progress and reform, and government by law with the consent of the governed.
  • * '>citation
  • An economic theory in favour of laissez faire and the free market.