Explain the Concept of "Ethnocentrism" and How You Can Avoid

question 2

Essay

Explain the concept of "ethnocentrism" and how you can avoid an ethnocentric mindset.

---

Definitions:

WEBS

Exchange-traded funds that track international stock market indices, allowing investors to diversify their portfolios globally.

Derivative Securities

Financial instruments whose value is derived from the value of other, underlying assets.

Nikkei Stock Index

A stock market index for the Tokyo Stock Exchange, representing the performance of 225 top-rated companies listed in Japan.

FTSE Indexes

FTSE Indexes are a series of stock market indices developed by the Financial Times Stock Exchange Group, which include benchmarks for UK and global equities markets.