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Plato's truth theory, known as the theory of forms, suggests that ultimate truth exists in abstract, perfect forms that are separate from the physical world. These forms are eternal and unchanging, providing a standard of truth that the physical world can only imitate. This differs from other philosophical perspectives on truth, such as correspondence theory, which focuses on the relationship between beliefs and reality, and coherence theory, which emphasizes the consistency and coherence of beliefs within a system. Plato's theory highlights the transcendental nature of truth and the importance of seeking knowledge beyond the material world.

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