low-cost

UK: ˌləʊ ˈkɒst | US: ˌloʊ ˈkɔːst

Definition

  1. adj. providing goods or services at a relatively cheap price

  2. adj. involving minimal expense or sacrifice

Structure
low <not high>cost <expense>
Etymology

The compound "low-cost" combines "low" (Old English hlōw, meaning "not high" in position, value, or amount) and "cost" (from Old French coste, ultimately Latin constare "to stand at a price"). The term emerged in the early 20th century, reflecting economic strategies to minimize expenses while maintaining basic functionality. Its modern usage often describes budget-friendly products, services (e.g., airlines), or solutions prioritizing affordability.

Examples

  1. The airline specializes in low-cost flights across Europe.

  2. Many startups adopt low-cost marketing strategies.

  3. The government introduced low-cost housing for families in need.

  4. She prefers low-cost alternatives to branded products.

  5. The project was completed with low-cost materials.