Meaning of the word elasticity in English

What does elasticity mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

elasticity

US /ˌi.læsˈtɪs.ə.t̬i/
UK /ˌi.læsˈtɪs.ə.t̬i/
"elasticity" picture

Noun

1.

the ability of an object or material to return to its original shape after being stretched or compressed

Example:
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

Example:
The company's financial elasticity helped it survive the economic downturn.
The new policy offers greater elasticity in decision-making.
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