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This paper focuses on the different facets of subjective well-being (SWB) and its relevance in personal and professional life. Numerous factors impacting SWB are looked at including demographic and psychosocial factors. The paper further covers the different theories that have been used to explain SWB, including Telic theories, Hedonic and Eudaimonic theories, Need Hierarchy theories and finally the Adaptation Model theory. The need for the measurement of subjective experience in the context of SWB is underlined and the Easterlin Paradox is explained. The paper concludes with the need to conduct more research on SWB to build a robust road map for the development of life satisfaction and SWB at the nation level so as to improve the lives of everyone.
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