What is the difference between scalability and elasticity?

Scalability is a characteristic of cloud computing through which increasing workload can be handled by increasing in proportion the amount of resource capacity. It allows the architecture to provide on demand resources if the requirement is being raised by the traffic. Whereas, elasticity is being one of the characteristic provide the concept of commissioning and decommissioning of large amount of resource capacity dynamically. It is measured by the speed by which the resources are coming on demand and the usage of the resources.