elasticity
|e-las-tic-i-ty|
/ɪˌlæˈstɪsɪti/
flexibility
Etymology
'elasticity' originates from the Greek word 'elastikos', where 'elastos' meant 'ductile' or 'flexible'.
'elastikos' transformed into the French word 'élastique', and eventually became the modern English word 'elasticity' through Middle English.
Initially, it meant 'flexible or ductile', but over time it evolved into its current meaning of 'ability to return to original shape'.
Meanings by Part of Speech
Noun 1
the ability of an object or material to resume its normal shape after being stretched or compressed; stretchiness.
The elasticity of the rubber band allows it to stretch and return to its original shape.
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Noun 2
in economics, a measure of a variable's sensitivity to a change in another variable, often used to assess demand or supply.
The price elasticity of demand indicates how much the quantity demanded will change when the price changes.
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Last updated: 2025/01/11 11:41