Final answer:
According to positive psychology, the five key components of a fulfilling life are Relationships, Engagement, Meaning, Achievement, and Positive Emotions, presented in the PERMA model.
Step-by-step explanation:
The five key components of a fulfilling, happy, balanced life according to positive psychology are b) Relationships, Engagement, Meaning, Achievement, Positive Emotions. These components are often referred to as the PERMA model, which stands for Positive Emotions, Engagement, Relationships, Meaning, and Accomplishments. This model has been influential in the field of positive psychology, which focuses on what constitutes a fulfilling and flourished life.
Positive psychology emphasizes that while wealth may contribute to life satisfaction, it is the psychosocial aspects such as strong relationships, a sense of purpose, and the ability to pursue one's goals that typically have a greater impact on daily happiness and positive feelings. Consequently, it suggests that to foster well-being, we must nourish these intrinsic factors that lead to a sense of personal fulfillment and social connectedness.