Cost-effective

/ˌkɒst ɪˈfek.tɪv/ (UK), /ˌkɔːst ɪˈfek.tɪv/ (US)/

लागत-प्रभावी

Easy #व्यवसाय #अर्थशास्त्र #वित्त #खर्च #बजट #योजनाबंदी

Origin & History

Modern compound from cost + effective, popularized in business and economics to describe value relative to spending.

cost (लागत) + effective (प्रभावी) से बना आधुनिक संयुक्त विशेषण; खर्च के अनुपात में लाभ/मूल्य बताने के लिए व्यापार और अर्थशास्त्र में प्रचलित हुआ।

Definition

Something is cost-effective if it achieves the desired result or benefit without spending more money than necessary; it offers good value for the cost.

कोई चीज़ तब लागत-प्रभावी कहलाती है जब वह अपेक्षित परिणाम/लाभ कम-से-कम आवश्यक खर्च में दे; यानी खर्च के मुकाबले अच्छा मूल्य प्रदान करे।

Parts of Speech

Adjective:
Switching to LED bulbs is a cost-effective way to reduce electricity bills.

Usage Examples

The new process is more cost-effective than the old one.
Public transport can be a cost-effective alternative to driving every day.
They chose a cost-effective solution that met quality standards.
Preventive maintenance is often the most cost-effective strategy.

Synonyms

Economical Cost-efficient Good value Budget-friendly Low-cost Efficient Value-for-money

Related Forms

Noun
Cost-effectiveness / Cost efficiency / Value for money
Verb
Cost / Costing
Adjective
Cost-effective / Cost-efficient / Economical
Adverb
Cost-effectively / Economically

Idioms & Phrases

Cost-effective solution
लागत-प्रभावी समाधान
Cost-effective measure
लागत-प्रभावी उपाय
Cost-effective approach
लागत-प्रभावी दृष्टिकोण