Cost-effective meaning

kôstĭ-fĕktĭv
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.

adjective
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Economical in terms of the goods or services received for the money spent.
adjective
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Producing good results for the amount of money spent; economical or efficient.
adjective
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Returning a benefit that justifies the initial investment; economical.
adjective
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