Cost-effective Definition

kôstĭ-fĕktĭv
adjective
Producing good results for the amount of money spent; economical or efficient.
Webster's New World
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.
YourDictionary

Returning a benefit that justifies the initial investment; economical.

Wiktionary
Synonyms:
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