Final answer:
Capitalism and socialism are major economic systems that are increasingly merging into a hybrid system in many countries.
Explanation:
Capitalism and socialism are the two major economic systems in modern societies, with most nations having a mix of both but leaning towards one end of the continuum. Social democracies blend elements of capitalism and socialism. There is a trend towards the merging of capitalism and socialism to form a hybrid economic system, as seen in various countries moving towards a more mixed approach.
Learn more about Types of Economic Systems here:
https://brainly.com/question/42606589
