Definition of "elasticity" in English

noun

1. (physics) The property by virtue of which a material deformed under load can regain its original dimensions when unloaded

2. (economics) The sensitivity of changes in a quantity with respect to changes in another quantity.

   • If the sales of an item drop by 5% when the price increases by 10%, its price elasticity is −0.5.

3. (computing) A measure of the flexibility of a data store's data model and clustering capabilities.

4. (computing) A system's ability to adapt to changes in workload by automatically provisioning and de-provisioning resources.

5. (mathematics) The ratio of the relative change in a function's output with respect to the relative change in its input, for infinitesimal changes at a certain point.

6. The quality of being elastic.

7. Adaptability.

   • Her elasticity allowed her to recover quickly.