difference between economic and political liberalism
Answers
Explanation:
Political liberalism also refers to people choosing their own government. Economic liberalism refers to the freedom of markets and the abolition of unjust duties on the movement of goods from one territory to the other.
Answer:
Economic Liberalism is the idea that all people should have freedom to amass wealth, make money and employ labour without too many restrictions from the government. They believe in freer markets and less regulations imposed on companies or traders by the government.
Political Liberalism (or Libertarianism) is the ideology that government is inherently a restrictive institution that suppresses our rights more often than protects and therefore must be limited. They are highly wary of big government and prefer transparency. Anarchism is an extreme form of Libertarian politics.
One you didn’t mention, but should not be forgotten, is Social Liberalism which is the belief in freedom and equality of the individual or society above economic liberty. Social Liberalism accents social justice and equality and the well-being of individuals.