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Meaning of low-cost
The primary meaning of "low-cost" refers to something that is inexpensive or does not cost a lot of money.
Etymology of low-cost
The term "low-cost" is a compound adjective that combines "low" (meaning not high or great in amount or degree) and "cost" (meaning the amount paid or required in payment for something).
The word "cost" originates from the Old French word "coster," which is derived from the Latin "constare," meaning to stand at or be fixed at a price.
The term "low-cost" has been in use since the mid-20th century, particularly in the context of business, economics, and marketing.
Synonyms
Definitions
- Oxford Languages defines "low-cost" as relating to or denoting something that is relatively inexpensive to produce, purchase, or maintain.
- It can also refer to something that is designed to be affordable or budget-friendly.
Usage Examples
- The company offers low-cost flights to various destinations around the world.
- The new low-cost smartphone is a game-changer for people on a budget.
- The government has introduced a low-cost housing scheme to help low-income families.