The difference between Elasticity and Lambda
When used as nouns, elasticity means the property by virtue of which a material deformed under load can regain its original dimensions when unloaded, whereas lambda means the eleventh letter of the classical and modern greek alphabet, the twelfth of the old greek alphabet.
check bellow for the other definitions of Elasticity and Lambda
-
Elasticity as a noun (physics):
The property by virtue of which a material deformed under load can regain its original dimensions when unloaded
-
Elasticity as a noun (economics):
The sensitivity of changes in a quantity with respect to changes in another quantity.
Examples:
"If the sales of an item drop by 5% when the price increases by 10%, its price elasticity is -0.5."
-
Elasticity as a noun:
The quality of being elastic.
-
Elasticity as a noun:
Adaptability.
Examples:
"Her elasticity allowed her to recover quickly."
-
Lambda as a noun:
The eleventh letter of the Classical and Modern Greek alphabet, the twelfth of the Old Greek alphabet.
-
Lambda as a noun:
Unit representation of wavelength.
-
Lambda as a noun (physics):
The cosmological constant.
-
Lambda as a noun (computing, programming):
A lambda expression.
-
Lambda as a noun (anatomy):
The junction of the lambdoid and sagittal sutures of the cranium
-
Lambda as a noun (physics):
A lambda baryon
-
Lambda as a noun (finance):
The percentage change in an option value divided by the percentage change in the underlying asset's price.