ECONOMICS

Detailed explanation-1: -Self-esteem is your subjective sense of overall personal worth or value. Similar to self-respect, it describes your level of confidence in your abilities and attributes. Having healthy self-esteem can influence your motivation, your mental well-being, and your overall quality of life.

Detailed explanation-2: -The more you engage in behaviors consistent with your beliefs and values, the more you’ll feel fulfilled and confident. This, in turn, will improve your sense of well-being, says Zuckerman. Respecting yourself also prevents you from comparing yourself and your life with other people.

Detailed explanation-3: -Self-esteem refers to whether you appreciate and value yourself. Your self-esteem develops and changes as a result of your life experiences and interactions with other people. Self-confidence is your belief in yourself and your abilities. This can change depending on the situation.

Detailed explanation-4: -Self-respect refers to the regard that an individual has for himself. It is this respect that makes the individual act in such a way that he will be valued by himself. On the other hand, self-esteem refers to an appreciation that an individual has for his abilities and skills.