Convergence theory suggests that the two economic systems of capitalism and socialism will grow further and further apart, which will lead to international mistrust and trade wars. True or False

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Social Studies

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1 July, 21:51

Convergence theory suggests that the two economic systems of capitalism and socialism will grow further and further apart, which will lead to international mistrust and trade wars. True or False

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Frank Key · Answer 1

Answer: False.

Explanation: The convergence theory suggests that when different economic systems start to resemble one another, they could eventually operate more effectively. This theory states that by working together and adapting/adjusting to different society norms, a more unified culture could come about.