inelastic
C2Pronunciation
UK
- /ɪnɪlˈɑːstɪk/
US
- /ˌɪnəˈlæstɪk/
Description
- Not easily stretched
- not quick to change
- rigid
- unbending
Imagine a rubber band. You can pull it, stretch it, and it snaps back into shape. Now imagine trying to do that with something stiff, like a thick piece of plastic. It hardly changes. That is the difference between something elastic and something inelastic. An inelastic thing does not stretch, bend, or respond much when force or pressure is applied.
In economics, the word often describes demand for essential goods like medicine or gasoline. Even if the price goes up, people still need them, so the amount people buy does not change very much. A stiff material can be inelastic because it does not give way easily. Beliefs can be inelastic too; deeply held views are often hard to change, even when new information appears.
The word inelastic describes something that lacks the ability to be stretched, deformed, or changed significantly in response to an external force. Think of it as being rigid and unyielding. While we often associate elasticity with things like rubber bands or springs, inelasticity is about resistance to change.
In a physical sense, an inelastic material does not stretch or recover easily when force is applied. Stiff materials such as stone, glass, or hardened plastic give a clear picture of this idea. But the concept extends beyond physical properties. In economics, inelastic demand refers to goods and services for which changes in price have little effect on how much people buy. For example, if the price of life-saving medication increases, people will still try to purchase it, so demand remains relatively steady.
The term can also be used metaphorically. An inelastic mindset suggests someone is unwilling to consider new ideas or perspectives. A politician with an inelastic stance on a particular issue refuses to compromise or adapt their position.
So whether you're talking about materials, markets, or mindsets, inelastic suggests a lack of flexibility and a resistance to change: something does not stretch, shift, or adjust easily under pressure.
Examples
- 1
Materials
This bandage is strong but inelastic, so it doesn't stretch around the joint.
- 2
Deadlines
The deadline is inelastic, so we need the final draft by Friday.
- 3
Economic demand
Demand for basic medicine is relatively inelastic, even when prices rise.
Domain
inelastic demand
demand that does not change much when the price changes
- 4
Housing supply
Housing supply is often inelastic in the short term, so prices can rise quickly when demand increases.
Forms and spellings
1 form open this card.
Main spelling
- inelasticadjective