What is the Difference between mercantalism and liberalism?

Mercantilism is an economic theory that emphasizes the importance of state intervention in the economy, focusing on accumulating wealth through a positive balance of trade, protectionist policies, and colonial expansion. In contrast, liberalism advocates for free markets and minimal government intervention, promoting individual entrepreneurship and the idea that economic prosperity arises from open competition and free trade. While mercantilism prioritizes national interests and economic control, liberalism emphasizes personal freedom and the benefits of globalization. Thus, the two concepts represent opposing views on the role of the state in economic affairs.