Elasticity vs Resiliency - What's the difference?
elasticity | resiliency |
(physics) The property by virtue of which a material deformed under the load can regain its original dimensions when unloaded
(economics) The sensitivity of changes in a quantity with respect to changes in another quantity.
The quality of being elastic.
Adaptability.
As nouns the difference between elasticity and resiliency
is that elasticity is (physics) the property by virtue of which a material deformed under the load can regain its original dimensions when unloaded while resiliency is resilience.elasticity
English
Noun
- If the sales of an item drop by 5 % when the price increases by 10 %, its price elasticity is -0.5.
