What theory is based on the idea that the two economic systems - capitalism and socialism - will eventually adopt features of one another until there is a hybrid economic system in all societies?
A) convergence theory
B) transformation theory
C) Marxism
D) welfare capitalism

Question

Quizplus · Accepted Answer

The convergence theory is based on the idea that the two economic systems - capitalism and socialism - will eventually adopt features of one another until there is a hybrid economic system in all societies. This means that over time, capitalist societies will adopt more socialist policies and vice versa, leading to a convergence of economic systems.

What Theory Is Based on the Idea That the Two