elasticity
US /ˌi.læsˈtɪs.ə.t̬i/
UK /ˌi.læsˈtɪs.ə.t̬i/
1.
the ability of an object or material to return to its original shape after being stretched or compressed
:
•
Rubber bands are known for their high elasticity.
•
The fabric's elasticity allows for a comfortable fit.
2.
the ability of a system or organization to adapt to change
:
•
The company's financial elasticity helped it survive the economic downturn.
•
The new policy offers greater elasticity in decision-making.