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English definition of “cost-effective”

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cost-effective

adjective uk   /ˌkɒst.ɪˈfek.tɪv/ us    /ˌkɑːst-/
If an activity is cost-effective, it is good value for the amount of money paid: It wouldn't be cost-effective to buy an expensive new computer when all you want to do is store your photos.
(Definition of cost-effective from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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