Answer:
Growth Mindset is the theory which believes that abilities of a person can be developed by learning, training and development.
Fixed mindset is the theory which believes that skills and abilities of a person are attributed to a personal trait by born and they can not be changed or developed further.
There are various Pros and Cons for both the mindsets.
Pros
Growth Mindset:
Brain development
New learning and development
Creative ideas and brainstorming
Reduced stress and Greater motivation
Multitasking
Fixed Mindset:
Learning curve
Specialization
Well defined abilities
No room for improvement
Goals achievement
Cons;
Growth Mindset:
No specialization
few chances to achieve learning curve
Ineffective learning and development wastes time and money
Negative growth due to peer pressure
excess stress
Fixed Mindset:
No new learning and development
scope is limited
Hinder progress due to lack in multitasking
Demotivated when peers perform and earn high
