low-cost

[loh-kawst, -kost]

adjective

1. able to be purchased or acquired at relatively little cost.

   low-cost life insurance; low-cost housing.

Word History and Origins

Origin of low-cost¹

First recorded in 1930–35

Example Sentences

Academics in China just released a paper on their “SpikingBrain” model that claims a new approach allows powerful AI development on low-cost microchips.

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Temu, another low-cost online retailer that previously relied on de minimis, states on its website that for its customers, there are “no import charges for all local warehouse items and no extra charges upon delivery.”

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He said: "We have explored every possible alternative but in the face of sustained pressure from energy costs, combined with unfairly low-cost imports into the UK and Europe, we've been left with no other choice."

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The business model rapidly produces low-cost clothes based on the latest styles, but has drawn criticism for its environmental impact.

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Ms Crosby-Read said they had been in touch with the council and made low-cost suggestions about the plans and had also provided feedback during the consultation but did not hear back from the authority.

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Related Words

• economical 
• inexpensive 
• low-priced