as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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define the term "cultural relativism."
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cultural relativism is the principle that an individual's beliefs and activities should be understood by others in terms of that individual's own culture. it recognizes that a person's values, beliefs, and behaviors are shaped by their culture and that different cultures have different norms and values. cultural relativism also holds that all cultures are equally valid and should not be judged against a single standard.
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