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English definition of “low-cost”

low-cost

adjective uk   /ˌləʊˈkɒst/ us    /-ˈkɑːst/
cheap: The 1990s saw a huge increase in the numbers of low-cost airlines.Costing or worth little or no money
(Definition of low-cost from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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