La elasticidad
Example: La elasticidad del mercado laboral afecta la economía global.
Definition
"Elasticity" refers to the quality of being able to stretch or adapt easily without breaking. In economics, it measures how much one variable, such as demand or supply, responds to changes in another variable, like price or income.
Etymology
The word "elasticity" comes from the Latin 'elasticus,' which means 'to drive or to stretch out,' itself derived from the Greek 'elastikos,' meaning 'ductile' or 'flexible.' Did you know that the concept was originally used in physics to describe materials that could return to their original shape after being stretched?
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"La elasticidad" appears in the Vocaplus list "Spanish - General - (C2) - set 1", containing 94 commonly used words.
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