Final answer:
Moral relativism is a form of relativism that suggests moral truths are relative to the individual, and that there are no universal moral standards. Normative Ethical Relativism expands on this, stating that moral principles vary from society to society without universal applicability.
Step-by-step explanation:
The form of relativism that maintains right or wrong is relative to the individual person and that moral truth is a matter of individual opinion or feeling is known as moral relativism. According to moral relativism, there are no absolute or universal truths in ethics; moral principles are only valid within specific individuals or cultures. This view contrasts with moral absolutism, which holds that moral principles are universally applicable. Philosophers and societies have debated moral relativism and its implications, particularly in terms of metaethics and the possibility of reaching a consensus on moral issues.
Normative Ethical Relativism is a related theory that proposes no universally valid moral principles exist, and that rightness and wrongness of actions vary by society. It asserts that all moral thinking is relative, basing morality on the predominant views within cultures, hence resisting any form of universal moral standards.