Final answer:
The belief that one's abilities cannot be changed is known as a Fixed mindset. A Growth mindset, however, is the belief that one can develop abilities over time. An Elastic mindset is not commonly used in this context, while Immutable mindset is similar but not standard.
Step-by-step explanation:
Some people believe that their abilities cannot be changed. This is known as a Fixed mindset. A fixed mindset is where individuals perceive their talents and intelligence as set traits that cannot be improved. In contrast, a Growth mindset is the belief that abilities can be developed through dedication and hard work. The option Elastic mindset is not a commonly used term in this context, and Immutable mindset refers to something that is unchanging, which is similar but not a standard term for describing this concept in educational or psychological circles. Developing a growth mindset helps to cultivate qualities such as humility, openness to learning, a strong work ethic, and adaptability, which are beneficial in both personal growth and the workplace.