Professor Simmons will be lecturing to his students on how capitalism and socialism converge. He will discuss how the capitalist U.S. government imposed anti-trust laws limiting corporations, while communist China has allowed individuals to own businesses. Professor Simmons will be discussing:

Question

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Convergence Theory suggests that as capitalist and socialist economies evolve, they begin to adopt features from one another, leading to a convergence in economic practices. This is illustrated by the U.S. implementing anti-trust laws (a more socialist approach to limit corporate power) and China allowing private business ownership (a more capitalist approach), which are examples provided in the scenario.

Professor Simmons Will Be Lecturing to His Students on How