Classical liberalism is a political ideology and an outlet of liberalism which supports political liberties and freedom with democracy under the rule of law, and highlights economic freedom.
Social liberalism is a political theory that believes individual liberty requires a level of social justice. Like classical liberalism, social liberalism endorses a market economy and the expansion of civil and political rights and liberties, but differs in that it believes the …show more content…
Economic liberalism also contrasts with protectionism because of its support for free trade and open markets. Historically, economic liberalism arose in response to mercantilism and feudalism. Today, economic liberalism is also generally considered to be opposed to non-capitalist economic orders, such as socialism and planned economies. (Brown,