Definition, Meaning & Synonyms
cost-effective
Adjective
/ˈkɔːst ɪˈfɛk.tɪv/
Definition
Producing good results without costing a lot of money.
Examples
- Switching to LED bulbs is a cost-effective way to reduce energy bills.
- The company implemented cost-effective strategies to improve productivity.
Meaning
Cost-effective describes something that is economical, or provides good value for the money spent, especially in terms of efficiency or performance.
Synonyms
- Economical
- Affordable
- Budget-friendly
- Value-for-money
- Profitable
