elasticity
This term describes a physical property of resilience, evoking the image of a material snapping back to its original state. It carries a connotation of strength and recovery, suggesting that the object can withstand tension without permanent deformation.
In economic and social contexts, the word shifts from physical tension to systemic flexibility. It describes the sensitivity of one variable to another, such as how consumer behavior reacts to price changes, or how a schedule can be stretched to accommodate new needs.
Meanings
The ability of an object or material to resume its normal shape after being stretched or compressed.
The rubber band is prized for its high elasticity.
Examples
The rubber band is prized for its high elasticity.
Economists analyze the price elasticity of luxury goods to predict market shifts.
The elasticity of the working hours allows employees to balance their lives.