Elasticity: meaning, definitions and examples
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elasticity
[ ɪˌlæsˈtɪsɪti ]
in economics
The ability of a material or object to resume its original shape after being stretched or compressed; stretchiness.
Synonyms
flexibility, pliancy, resilience
Examples of usage
- The elasticity of demand for a product depends on various factors such as price, income, and availability of substitutes.
- A higher price elasticity of demand indicates that consumers are more sensitive to price changes.
in physics
The property of a substance that enables it to change its length, volume, or shape in direct response to a force applied to it.
Synonyms
flexibility, pliability, springiness
Examples of usage
- The elasticity of a material is important in determining its mechanical properties.
- Rubber is known for its high elasticity, allowing it to stretch significantly before returning to its original form.
Translations
Translations of the word "elasticity" in other languages:
🇵🇹 elasticidade
🇮🇳 लोच
🇩🇪 Elastizität
🇮🇩 elastisitas
🇺🇦 еластичність
🇵🇱 elastyczność
🇯🇵 弾性 (だんせい)
🇫🇷 élasticité
🇪🇸 elasticidad
🇹🇷 esneklik
🇰🇷 탄성 (tanseong)
🇸🇦 مرونة
🇨🇿 elasticita
🇸🇰 elasticita
🇨🇳 弹性 (tánxìng)
🇸🇮 elastičnost
🇮🇸 teygjanleiki
🇰🇿 серпімділік
🇬🇪 ელასტიკურობა
🇦🇿 elastiklik
🇲🇽 elasticidad
Word origin
The word 'elasticity' originated in the early 17th century from the French word 'élasticité', which is derived from the Latin 'elasticus' meaning 'springy' or 'pertaining to springs'. The concept of elasticity has been widely used in various fields such as economics, physics, and materials science to describe the ability of a material to return to its original form after deformation.
See also: elasticizing.