converge - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “converge”

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converge

verb
 
 
/kənˈvɜːdʒ/
[I] ECONOMICS if two or more economies converge, they become more similar to each other: converge with sth The European economies have not yet converged with each other enough to make the euro a lasting success.
[I or T] ECONOMICS if prices, levels, or rates converge or are converged, they become or are made more similar to each other: Price/earnings ratios of different industrial sectors have dramatically converged in recent years. Increasing flexibility in transportation will have the effect of converging gas prices around the world.
[I or T] COMMERCE if two different types of product, industry, etc. converge or are converged, they join together or are joined together: Fixed and mobile phone services are increasingly converging. The new system allows customers to converge high-speed internet content with satellite TV.
convergence noun [U]
(Definition of converge from the Cambridge Business English Dictionary © Cambridge University Press)
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