Pluralism (noun)

1. The state or condition of being multiple.
2. The holding of diverse beliefs or multiple ideologies.
3. The principle that political power should be distributed among multiple groups.

Origin:

Late 19th century: from french pluralisme, from latin plus "more" + -alism.

Examples:

1. The country's pluralism is reflected in its many ethnic groups.
2. The school encourages pluralism by promoting diversity in its student body.
3. The company's management structure was based on the principle of pluralism.
4. The society's pluralism was evident in its many different religious practices.
5. The government's policy of pluralism ensured representation of different interest groups.