affordability

UK: əˌfɔːdəˈbɪləti | US: əˌfɔːrdəˈbɪləti

Definition

  1. n. the quality of being affordable; the state of being within financial reach

Structure
afford <provide>ability <capacity>
Etymology

The word "affordability" combines "afford" (from Old English gefordian, meaning "to furnish" or "to provide") and the suffix "-ability" (from Latin -abilitas, indicating capacity or suitability). The root "afford" evolved to mean "to bear the cost of," while "-ability" transforms it into a noun describing the quality of being financially accessible. The term reflects economic logic—tying provision ("afford") to feasibility ("-ability").

Examples

  1. The affordability of housing is a major concern in urban areas.

  2. This program aims to improve the affordability of healthcare.

  3. The car’s affordability makes it popular among young buyers.

  4. Rising costs threaten the affordability of education.

  5. Policies should prioritize affordability without compromising quality.