Dictionary

cost–effective

adjective cost–ef·fec·tive \ˈkst-ə-ˈfek-tiv, -ˌfek-\

: producing good results without costing a lot of money

Full Definition of COST-EFFECTIVE

:  economical in terms of tangible benefits produced by money spent <cost–effective measures to combat poverty>
cost–ef·fec·tive·ness noun

First Known Use of COST-EFFECTIVE

1967

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

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