Liberalism and mercantilism both focus on the role of the state in economic affairs, albeit in different ways. While liberalism emphasizes free markets, individual entrepreneurship, and minimal government intervention to promote economic growth, mercantilism advocates for strong governmental control to enhance national power through trade surplus and accumulation of wealth. Both ideologies recognize the importance of trade in fostering economic prosperity, but they differ in their approaches to achieving it. Ultimately, they reflect contrasting views on the relationship between state and economy.
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