Question

The idea that the two economic systems, capitalism and socialism, will eventually adopt features of the other until there is a hybrid economic system in all societies is the prediction proposed by __________ theory.

divergence

revision

convergence

intersection

Answer 1

convergence hope i could help

Answer 2

The correct answer is C. Convergence

Explanation

The convergence theory is a social, economic and ideological theory that states that the differences between the capitalist and socialist world political systems are gradually diminishing and tend to merge. The most prominent authors of this theory are. Galbraith, P. Sorokin, J. Tinbergen and R. Aron who developed this theory during the fifties (decade in which this theory was booming), however in the sixties the theory lost legitimacy because, in reality, it does not occur in the systems. Then the correct answer is C. Convergence.