Examlex
On the SRRS, the impact of life events is measured by
Internal Locus of Control
A psychological concept where individuals believe they have control over the outcomes of their actions and the events in their life.
Personal Belief
An individual’s own ideas and convictions, which form the basis of their personal values and decision-making processes.
Established Business Ownership
Ownership of a business that has a track record of operations and revenue, distinguishing it from new ventures or startups.
Innovation-Driven Economies
Economies that are characterized by a high level of investment in knowledge and technology and have a strong focus on research and development leading to innovation.
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