Capitalism
Capitalism is an economic and social system that tends towards the accumulation of wealth by individuals without government interruption and profitability. Individual definitions here do not necessarily refer to individual persons but also include a group of individuals such as companies. The capitalist economic system is driven by market forces in determining production, cost, pricing of goods and services, investments and incomes. Critics of capitalist systems argue that this system creates a significant gap between the rich and the poor. The system in opposition to this ideology is communism and socialism. Capitalism comes from the word capital that means "capital". The term capitalism was first introduced in the mid-19th century by Karl Marx, the founder of communism. The free market and the market system are among the terms that often exchange with capitalism to explain the modern non-communist economy. Capitalist economic practices strengthened in England between the 16th and early 19th AD. But there has been a longstanding capitalist characteristic, especially among Medieval merchants.