In economics, elasticity refers to the sensitivity of one economic variable to changes in another. Specifically, it is the measure of how much a given variable responds to a change in another variable.
The Social Exchange Theory, which lies at the heart of our social interactions, is a beautiful reminder of the power of reciprocity and collaboration in our everyday lives.
VRIO analysis is a framework used in strategic management to assess the resources and capabilities of a company and evaluate their potential for competitive advantage