Elasticity (noun)

1. The property of a material or object of being able to return to its original shape after being stretched or deformed.
2. The ability of a system or market to return to its original state or level of activity after being affected by a change.

Origin:

From french élasticité, from latin ēlastīcītās, from ēlastīcus ("elastic"), from greek ἐλαστικός (elastikos, "fit to be stretched, pliable"), from ἐλαστός (elastos, "fit to be stretched").

Examples:

1. The elasticity of the rubber band allows it to stretch and return to its original shape.
2. The fabric's elasticity makes it comfortable to wear and allows it to fit well.
3. The economic concept of price elasticity measures the responsiveness of demand to changes in price.
4. The elasticity of the labor market refers to the ability of workers to move between jobs and industries.
5. The elasticity of the currency exchange rate measures the responsiveness of the exchange rate to changes in the supply and demand of currency.