1. Noun
The quality of being elastic; the inherent property in bodies by which they recover their former figure or dimensions, after the removal of external pressure or altering force; springiness; tendency to rebound; as, the elasticity of caoutchouc; the elasticity of the air.
2. Noun
Power of resistance to, or recovery from, depression or overwork.
3. noun
A measure of how much demand, supply or another factor changes when something else changes.
A measure of how strongly one economic variable responds to a change in another.
4. Noun
the tendency of a body to return to its original shape after it has been stretched or compressed; "the waistband had lost its snap"
Vocabulary classified under Economics
More about this word
Synonyms and related words
Explore this word