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low-cost

adjective
 
 
/ˌləʊˈkɒst/ US  /-ˈkɑːst/

Definition

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 adjective from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

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