cost-effective

Thân thiện

A cost-effective solution uses solar panels to power the home.

Definition

1. Adjective: Giving the best possible profit or benefits in comparison to the money that is spent; economical in terms of the value received for the cost.

Usage

The adjective "cost-effective" is used to describe a method, product, or action that provides good value for the money spent. It emphasizes efficiency and a favorable return on investment. It is commonly used in business, economics, and planning contexts.

Examples

• Adjective:
  • Installing solar panels is a cost-effective way to reduce electricity bills in the long term.
  • The company is looking for the most cost-effective solution to its shipping problems.
  • Preventive healthcare is often more cost-effective than treating advanced diseases.

Advanced Usage

• Comparative and Superlative Forms: "Cost-effective" can be used in comparative ("more cost-effective," "less cost-effective") and superlative ("most cost-effective," "least cost-effective") forms to compare efficiency.
  • We need to find a more cost-effective supplier.
  • This model is the most cost-effective option in its class.

Variants and Related Words

• Cost-effectiveness (noun): The quality of being cost-effective.
  • The study analyzed the cost-effectiveness of the new drug.

Synonyms

• Economical
• Efficient
• Budget-friendly
• Value-for-money

Antonyms

• Costly
• Inefficient
• Wasteful
• Uneconomical

Học thuật

Adjective

1. productive relative to the cost

Từ đồng nghĩa

• cost-efficient