- The definition of cost effective is something that is a good value, where the benefits and usage are worth at least what is paid for them.
An example of cost effective is using VOIP to talk on the phone long distance.
cost-effective definition by Webster's New World
producing good results for the amount of money spent; efficient or economical
Webster's New World College Dictionary Copyright © 2010 by Wiley Publishing, Inc., Cleveland, Ohio. Used by arrangement with John Wiley & Sons, Inc.
- cost-effectiveness noun
cost-effective definition by American Heritage Dictionary
Economical in terms of the goods or services received for the money spent.
- costˌ-ef·fecˈtive·ly adverb
- costˌ-ef·fecˈtive·ness noun